Sep 18, 2018

Wilbur Ross says Americans won't notice price increases from tariffs

Commerce Secretary Wilbur Ross said on CNBC Tuesday that Americans won't notice price increases stemming from new tariffs on $200 billion worth of Chinese goods because they'll be "spread over thousands and thousands of products."

The big picture: The new tariffs, which will start out at a rate of 10% and could increase to 25% by the end of the year, will affect a far greater cross section of consumer goods than the previous round. 23% of the imports targeted are consumer goods, according to the Peterson Institute for International Economics, and include everyday items like furniture ($11 billion), chair seats ($10 billion) and computers ($8 billion).

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Trump to install loyalist Ric Grenell as acting intelligence chief

Photo: Sylvain Gaboury/Patrick McMullan via Getty Images

President Trump confirmed in a tweet Wednesday night that he will install Richard Grenell, the current U.S. ambassador to Germany and a staunch defender of the president, as the acting director of national intelligence.

Why it matters: The role, which was originally vacated by Dan Coats in August 2019, is one of grave responsibility. As acting DNI, Grenell will be charged with overseeing and integrating the U.S. intelligence community and will advise the president and the National Security Council on intelligence matters that concern national security.

Go deeperArrowUpdated 4 mins ago - Politics & Policy

What to watch in the Nevada debate

Photo Illustration: Eniola Odetunde/Axios. Photos: Cengiz Yardages and Mario Tama/Getty Images

Michael Bloomberg's wealth will fuel rather than shield him from tests and attacks when he makes his Democratic primary debate debut on the stage tonight in Las Vegas.

The state of play: Bernie Sanders is still the front-runner. So the other candidates must weigh which of the two presents a bigger threat to their viability: Sanders, with his combined delegate, polling and grassroots momentum? Or Bloomberg, with his bottomless budget?

Go deeperArrowUpdated 10 mins ago - Politics & Policy

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