1 big thing: Trump's trade war
President Trump is getting his tariffs, 25% on steel and 10% on aluminum. (The steel number is up from the recommended 24%, as Trump preferred the round number.)
- The winners: Wilbur Ross and Peter Navarro.
- The losers: The World Trade Organization, the stock market (the Dow ended the day down 420 points), Capitol Hill, Gary Cohn, James Mattis, Steven Mnuchin and Rex Tillerson.
- "These tariffs have the potential to roil markets and affect relationships with allies."
- "Trump is also touching the third rail of international trade law — he’s using an arcane trade law known as Section 232 to justify his actions."
- "He’s saying 'F You' to the World Trade Organization and arguing the global overproduction of steel and aluminum constitutes a national security threat to the U.S."
- "He's also breaking with Capitol Hill and top officials — including Gary Cohn, James Mattis, Steven Mnuchin and Rex Tillerson — who have been arguing strenuously against these tariffs."
2. What you missed
- Trump on big drug dealers: "Some countries ... have the ultimate penalty and they have much less of a drug problem then we do." Flashback.
- More than 2 million additional Americans were affected by Equifax's 2017 cybersecurity breach, the company admitted today. The total number of Americans affected is about 147.9 million.
- Uber has launched a new service that will allow hospitals, clinics, nursing homes and other health care organizations to order and schedule car rides for patients. The big picture.
- Former Uber CEO Travis Kalanick has joined the board of medical office software company Kareo. Details.
- A Massachusetts man was arrested today for allegedly sending a letter containing white powder to Donald Trump Jr.'s home last month. More.
- Georgia lawmakers approved a sweeping tax bill stripped of a jet fuel tax break, likely in retaliation for Delta Air Lines' decision to end its discount program with the NRA, reports the AP.
- Just posted: Facebook grapples with balance of humans and technology for safety.
3. 1 weather thing
"An already potent storm will track off the Atlantic coast and become a bomb cyclone that is likely to cause high winds, coastal flooding and heavy wet snow in the northeastern United States centered on Friday," per Accuweather.
- "The full power of the storm will be felt in the Northeast..."
- "For this winter, this storm may be second only in intensity to the storm from early January in the same region..."
- "The most far-reaching effect of the storm will be high winds... [Gusts] approaching hurricane force are likely along the coast from Delmarva to eastern Massachusetts."