Commerce Secretary Wilbur Ross told CNBC that delaying a trade deal with China until after the 2020 election could make sense, as it “takes leverage away” from Beijing.
That echoes President Trump’s earlier comments made in Europe.
“The Second Circuit Court of Appeals ruled on Tuesday that Deutsche Bank and Capital One must comply with a congressional subpoena for President Trump, his children and his company’s financial records,” Axios reports.
New York Times: “The decision was a victory for House Democrats as they investigate Mr. Trump and his businesses. It means that extensive information about Mr. Trump’s personal and business finances — which the president has spent years fighting to keep secret — has moved a step closer to becoming public.”
“A once-cordial relationship between President Trump and President Emmanuel Macron of France devolved in a dramatic fashion Tuesday, as the two leaders publicly sparred over their approach to containing the threat of terrorism and a shared vision for the future of NATO, a 70-year-old alliance facing existential threats on multiple fronts,” the New York Times reports.
“In a lengthy appearance before reporters, the president met a cool reception from Mr. Macron, who earlier in the day Mr. Trump derided as ‘very insulting’ for his recent remarks on the ‘brain death’ of the alliance. When asked to address his earlier comments on the French leader, Mr. Trump, a leader averse to face-to-face confrontation, initially demurred, but Mr. Macron was direct.”
Said Macron: “My statement created some reactions. I do stand by it.”
“What followed was an extended, terse back-and-forth over trade, immigration, and Mr. Trump’s relationship with President Recep Tayyip Erdogan of Turkey… The meeting continued to devolve as the two discussed the containment of ISIS fighters in Syria.”
“I don’t want to comment on that. But the answer is no. But I don’t want to comment on that.”
— President Trump, quoted by CNN, when asked if he supports the protesters in Iran.
“President Trump has denied knowing Prince Andrew, despite multiple photos of the two together, including several of them meeting in June this year,” the Daily Beast reports.
Asked about his thoughts on the allegations against Prince Andrew and the royal’s decision to step back from public life, Trump responded: “I don’t know Prince Andrew, but it’s a tough story, it’s a very tough story.”
Joe Biden said that his fast-rising rival Pete Buttigieg “stole” the former vice president’s healthcare policy proposals, Reuters reports.
Said Biden: “He stole it. What would you have done to me? You’d have torn my ears off.”
“Tom Steyer’s campaign says he has qualified for the December Democratic presidential primary debate, making the billionaire activist the seventh candidate to do so,” Politico reports.
“House Democrats are debating whether to expand articles of impeachment to include charges beyond abuse of power in the Ukraine controversy, setting up a potential internal clash as the party races to impeach President Trump by Christmastime,” the Washington Post reports.
First Read: “If the Democrats have the substance on their side in the impeachment fight — in terms of the public testimony, the released documents and all of the text messages — Republicans are now the ones with the more unified message.”
“Case in point is what’s playing out on the 2020 presidential campaign trail, with the Democratic candidates talking about health care, tax policy and racial equity — but barely mentioning the biggest political story in Washington.”
“Bottom line: Republicans are messaging the existential threat that impeachment brings, arguing that the entire process subverts the will of voters. But Democrats aren’t messaging that same existential threat. In fact, they’re also arguing that the best way to defeat Trump is at the ballot box in 2020.”
“At some point, that messaging disparity is going to be unsustainable for Democrats.”
President Trump said that French President Emmanuel Macron’s comments about NATO experiencing “brain death” were “very insulting” and “nasty,” The Hill reports.
Said Trump: “NATO serves a great purpose. I think that’s very insulting.”
He added that he was “very surprised” by the comments and called them “very disrespectful. Very, very nasty statement essentially to 28 countries.”
President Trump said that it might be better to wait until after the 2020 election to strike a trade deal with China, CNBC reports.
Said Trump: “In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,”
Bloomberg: “Stocks dropped in Europe and U.S. equity futures sold off as Trump’s comments indicated no urgency to reach a deal by Dec. 15.”
House Intelligence Committee chairman Adam Schiff on MSNBC: “Even while Judiciary does its work, we will continue investigating. We’re continuing to issue subpoenas. We’re continuing to learn new information. That work goes on.”
Playbook: “House Democrats have released a two-minute-thirty-nine-second video that opens with this: ‘Two weeks of testimony … One story of betrayal.’ It then ticks through most of the witnesses’ most damning testimony, describing their role in the impeachment. For example, this appears on the screen before Bill Taylor speaks: ‘The revered ambassador and decorated veteran … Who saw the pressure campaign up close.'”
“Republicans’ plan for battle with Nadler… After two weeks of impeachment hearings, one thing seems beyond a doubt: House Intelligence Chairman Adam Schiff ran a tight ship. Republicans say it was too tight, and patently unfair. And Democrats say Schiff weaved together a tight tale of intrigue, and put a bow on a package of criminality that implicated the president — all while keeping other members of the committee in line.”
New York Times: “House Democrats pressed forward on Monday with the next phase of their impeachment inquiry, putting the final touches on an Intelligence Committee report expected to form the basis of their case that President Trump’s effort to pressure Ukraine to announce investigations of his political rivals was an abuse of power that warrants his removal from office.”
“Lawmakers from the panel reviewed the staff-written report for the first time on Monday evening, ahead of its public release and a scheduled Tuesday evening vote to transmit it to the Judiciary Committee. It will conclude that Mr. Trump, working with allies inside and outside his administration, used the power of his office to pressure Ukraine to do his bidding in order to gain an advantage in the 2020 presidential race.”
Politico: “President Donald Trump is winning at least one trade war: The one with his own party. Free-trading Republicans have feuded with the president for years now, and his decision on Monday to reimpose tariffs on Brazil and Argentina brought new criticism from GOP senators — right as he needs them to fend off the impeachment inquiry threatens his presidency.”
“Yet despite the complaints from Senate Republicans that Trump is eroding his party’s free trade bona fides, the GOP seemingly can’t — or won’t — rally the votes to handcuff the president. Competing proposals that would give Congress more sway over certain tariffs have been languishing in the Senate Finance Committee, leaving more establishment-minded Republicans little option but to sit back and gripe and wonder what just hit them.”
Politico: “Having failed to gain traction with African American voters so far this campaign, Buttigieg’s campaign is taking a different approach to his three-day swing through South Carolina: Keep it small. The South Bend, Ind., mayor opted for largely invitation-only roundtables and private sit-downs with African American leaders in the state, where the Democratic electorate is majority-black.”
“It’s a strikingly different approach to the one Buttigieg takes in the first two early states, where he has surged into a group of four frontrunners in recent polling — and where he has seven public town halls scheduled over four days later this week, for example. But as Buttigieg tries to break in with African American voters, he’s leaning on ‘very, very intimate’ settings, said Matt Bowman, who hosted Buttigieg at his vineyard in Round O, S.C., for a conversation on black entrepreneurship with two dozen people.”
Axios: 2020 Democrats turn focus to black men.
BuzzFeed News: “Michael Cohen said Trump family lawyers kept him from telling the truth. … In February 2017, Trump wanted Comey to know ‘I really like him.’ … Christie laughed when Trump said ‘the Russia thing is over’ after Michael Flynn left office … Hope Hicks said Trump was ‘angry, surprised, and frustrated’ when Mueller was appointed … Hicks believed that Obama’s warning about Michael Flynn ‘sat with’ Trump … Hicks told the FBI she was ‘shocked’ by emails about the Trump Tower meeting.”
“A company that President Trump urged military officials to hire for border wall construction has been awarded a $400 million contract to build a span of new barrier across an Arizona wildlife refuge,” the Washington Post reports.
“Trump has repeatedly pushed for Fisher to get a wall-building contract, urging officials with the Army Corps of Engineers to pick the firm — only to be told Fisher’s bids did not meet standards. Trump’s entreaties on behalf of the company have concerned some officials who are unaccustomed to the president getting personally involved in the intricacies of government contracting.”
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
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