May 11, 2017

Trump defines "Trumponomics" for The Economist

Evan Vucci / AP

President Trump sat down with The Economist last week to talk trade, immigration, taxes, and health care. The complete transcript is absolutely fascinating (hint: Vice President Pence makes a surprise appearance).

His definition of "Trumponomics": "It has to do with trade deals that have to be fair, and somewhat reciprocal, if not fully reciprocal. And I think that's a word that you're going to see a lot of, because we need reciprocality in terms of our trade deals … I'm absolutely a free-trader. I'm for open trade, free trade, but I also want smart trade and fair trade."

On the phrase "priming the pump": "Have you heard that expression used before? Because I haven't heard it. I mean, I just… I came up with it a couple of days ago and I thought it was good."

How he envisions NAFTA renegotiations: "'Big' isn't a good enough word. Massive."

Health insurance options under his plan: "[The head of a big health insurance company] said, 'Mr President, we're going to have so many plans. We're going to have the low version, the high version,' he used the word 'Cadillac.' I won't tell you what car he used for the low version because I don't want you to write it because they happen to be friends of mine, you know, the head people."

His ideal immigration system: "We're going to a much more merit-based system. But I absolutely want talented people coming in, I want people that are going to love our country coming in, I want people that are going to contribute to our country coming in."

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Cruise ship evacuations: More Americans test positive for coronavirus

A bus carrying American citizens from the quarantined Diamond Princess cruise ship arrives at the U.S. government-chartered aircraft that is taking them back to the United States while authorities wear protective suits look on at Haneda airport in Tokyo on Monday. Photo: Tomohiro Ohsumi/Getty Images

Another 14 passengers tested positive for the novel coronavirus during their evacuation from the Diamond Princess cruise ship before being flown in a "specialist containment" area of the plane to the United States, per a Trump administration statement early Monday.

Details: Over 40 Americans who had been on the ship had previously been confirmed as infected and will remain in Japanese hospitals for treatment, NIAID director Anthony Fauci told "Face the Nation" Sunday. The rest were evacuated, and these latest cases were among them. All evacuees will undergo a 14-day quarantine upon arrival later Monday.

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GM to exit Australia, New Zealand and Thailand

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General Motors is retiring its Holden brand from sales in Australia and New Zealand and winding down operations in the two countries and Thailand by 2021, the company confirmed in a statement Monday.

Why it matters: The Holden brand has been in Australia and New Zealand for 160 years, per a GM statement issued in Australia. It is beloved by many motor racing fans down under. Holden produced Australia's first wholly locally made car in 1948.

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In photos: Deadly Storm Dennis lashes U.K., Ireland and western France

A family is rescued from a property in Nantgarw, Wales, on Sunday. The storm comes a week after the U.K. was battered by storm Ciara, which killed two people, per the BBC. Photo: Matthew Horwood/Getty Images

Storm Dennis continued to pummel parts of England, Wales and Ireland over Sunday night with heavy rain after battering Northern Ireland and Scotland, per the official British weather agency the Met Office.

Why it matters: It's the second-strongest nontropical storm ever recorded in the North Atlantic Ocean, with its hurricane-force winds and heavy rains that caused widespread flooding across the U.K., the Washington Post notes. Police in Wales confirmed Sunday they found the body of a man who fell into a river as the storm lashed Ystradgynlais.

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