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Remington again delays bankruptcy filing

Custom Remington gun at NRA convention.
Photo by Scott Olson/Getty Images

Firearms manufacturer Remington has delayed its planned Chapter 11 bankruptcy filing for a second time, now extending the deadline from tomorrow to Sunday.

  • Details: The original postponement came earlier in the month, when Remington also said that Ankura Trust had replaced BofA Merrill Lynch as the restructuring's term loan agent. It is unclear if the agent change related to BofA's pledge to reexamine its gun-maker relationships, in the wake of Parkland. No changes accompanied the new delay announcement.
  • Go deeper: What happened to Remington?
Jonathan Swan 11 hours ago
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McMaster out, Bolton in as National Security Adviser

Bolton. Photo: Drew Angerer/Getty Images

H.R. McMaster plans to resign and will be replaced as national security adviser by former U.N. ambassador John Bolton. The White House said McMaster's departure had been under discussion for some time and that the process was sped up to end speculation about the role. McMaster will stay on until mid-April.

Bottom line: This isn’t about ideology — unlike Trump, Bolton is hawkish and interventionist on foreign policy. This is about personal chemistry. 

Khorri Atkinson 9 hours ago
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China slaps reciprocal tariffs on U.S. imports

China's President Xi Jinping speaks next to President Trump. Photo: Nicolas Asfouri// AFP / Getty Images

China announced plans to impose reciprocal tariffs on $3 billion of imports from the U.S., hours after President Trump ordered levies on a range of Chinese goods.

The details: China's plan includes a 25% tariff on U.S. pork imports as well as 15% tariffs on American steel pipes, fruit and wine, according to Bloomberg.

Go deeper: Axios' Jonathan Swan explains the coming trade war.