Alex Brandon / AP

President Trump is signaling imminent action on steel and aluminum dumping, tweeting today: "Really great numbers on jobs & the economy! Things are starting to kick in now, and we have just begun! Don't like steel & aluminum dumping!"

  • As Axios reported last week, Trump is poised to side with the hardcore nationalists on favoring tariffs for steel and aluminum imports. In his cabinet, only Commerce Secretary Wilbur Ross favors the move.
  • Trump hasn't made a final decision, but has shown inclination to tariffs in the 20% range for steel imports. There is still plenty of room for Trump to take a more moderate action with more targeted options — such as country-by-country, different types of steel, or setting baselines to target countries that ramp up exports.
  • Steel is first, with aluminum to follow, as Ross is finalizing a report on aluminum dumping. The White House is also talking about an investigation into semi-conductors.

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Updated 2 hours ago - Politics & Policy

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Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

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Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.

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