Day 551: Concerned.

Tuesday, July 24, 2018

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1/ The Trump administration will provide over $12 billion in emergency aid to farmers hurt by retaliatory tariffs from China and other countries in Trump's escalating trade war. The aid package, expected to go into effect by Labor Day, provides as...

Visit WTF Just Happened Today? for more news and headlines, brought to you by Matt Kiser. The WTFJHT Podcast is narrated and produced by Joe Amditis.

Tuesday, July 24, 2018

Subscribe: Get the Daily Update in your inbox for free

1/ The Trump administration will provide over $12 billion in emergency aid to farmers hurt by retaliatory tariffs from China and other countries in Trump's escalating trade war. The aid package, expected to go into effect by Labor Day, provides assistance to soybean farmers, dairy farmers, pork producers, and others. Hours before the announcement, Trump tweeted that "Tariffs are the greatest!" (Washington Post / Politico / Associated Press)

Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that - and everybody’s talking! Remember, we are the “piggy bank” that’s being robbed. All will be Great!

— Donald J. Trump (@realDonaldTrump) July 24, 2018

How to tell if the trade war starts to hurt the economy. Early indicators include executive surveys and futures markets. If you want a dashboard for evidence of economic damage from the trade war, here’s what should be on it. (New York Times)

Trump urged farmers to "be a little patient" with his trade policies, urging people not to believe the news, because "what you're seeing and what you're reading is not what’s happening." (Washington Post)

2/ The Trump administration deported as many as 463 parents without their children, who were taken from them at the border. Those parents may not be eligible to be reunited with their children. The report to U.S. District Court Judge Dana Sabraw said the 463 cases do not represent the final tally of migrant parents who have been deported while their children remain inside U.S. detention centers. (Washington Post / NBC News)

3/ Trump claimed in a tweet that he is "concerned" Russia "will be pushing very hard for the Democrats" in the midterm elections, because "no President has been tougher on Russia than me." Last week, Trump cast doubt on the U.S. intelligence community's conclusion that Russia tried to help him get elected. Trump also told reporters "no," he doesn't believe Russia was still a threat. Trump capped his tweet off with "They definitely don't want Trump!" He offered no evidence to support his claims. (WTF Just Happened Today? for more news and headlines, brought to you by Matt Kiser. The WTFJHT Podcast is narrated and produced by Joe Amditis.