Time to worry, Mr President?


Time to worry, Mr President?

Robert Mueller, the man responsible for investigating Russian collusion with the Trump presidential campaign, will be going into the weekend feeling particularly smug on the news that two of the President’s former associates may be facing jail time. Former lawyer and ‘fixer’ Michael Cohen pleaded guilty to paying off two women on behalf of Trump using campaign expenses, while former campaign chairman Paul Manafort faces fraud charges. However, the President should not be too concerned yet, as there is little risk of his own party impeaching him. With midterms approaching, the prospect of the Democrats retaking the House of Representatives and the Senate may change all that. Trump’s presidency is now entering dangerous waters.

In a seemingly never-ending and always-confusing rhetoric, both the US and China have imposed further tariffs of $16 billion on 25 per cent of imports at the same time as delegates from both countries were meeting to attempt to resolve the matter. Neither Washington nor Beijing were hopeful of a positive outcome, so the lack of progress made comes as no surprise.

Read what the team at FE consider to be significant over the current week.