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Trump to attend first press dinner as POTUS, at Gridiron Club

Trump and Melania
Trump attended the White House Correspondents' Dinner in 2015. Photo: ImageCatcher News Service / Corbis via Getty Images

The White House said Monday that President Trump will attend the Gridiron Club's annual dinner on March 3, marking his first appearance at a press dinner since taking office. Trump skipped both the Gridiron dinner and the White House Correspondents Dinner last year.

Correction: A previous version of this story and its headline stated that Trump was also planning to attend this year's WHCD after the Daily Mail reported, "Press Secretary Sarah Huckabee Sanders replied 'yes,' when asked if Trump would attend the annual April affair." But Sanders released a statement saying no decision has yet been made regarding the WHCD.

Jonathan Swan 1 hour ago
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Trump to announce anti-China tariffs tomorrow

President Donald Trump
Photo: Kevin Dietsch-Pool/Getty Images

President Trump plans to unveil his aggressive package of tariffs against China tomorrow, with a charge led by U.S. Trade Representative Robert Lighthizer that will use Section 301 of the Trade Act of 1974 to target Beijing.

The big picture: Two sources with direct knowledge tell me Kevin Hassett has been crunching the numbers, and the dollar value of the tariffs will likely be around $50 billion per year — or slightly less. The administration has used an algorithm to select a batch of Chinese products and then apply tariff rates to those products in a way that will hopefully limit the harm to American consumers. 

Axios 1 hour ago
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Fed raises rates, says economy getting stronger

Federal Reserve Chairman Jerome Powell.
Federal Reserve Chairman Jerome Powell. Photo: Alex Wong/Getty Images

The Federal Reserve today raised interest rates a quarter-point, as expected, and forecast more interest rate hikes over the next two years because of the improving economic outlook.

Why it matters: The recent tax law and budget deal helped boost the Fed's economic outlook, the Wall Street Journal reports, but also led to warnings about inflation which is "expected to move up in the coming months," according to the Fed's statement.