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"We are disappointed that despite Israel's special status as a true friend of the US and the free trade agreement [between the countries], Israel has not been excluded from the imposition of tariffs like Australia".The language Catarivas used is very telling of how Israel feels particularly snubbed by its traditionally most favoured trading partner. But it seems that when it comes to protectionism, even a country as close to the United States as Israel garners no special favours in areas related to trade and non-military orientated commerce.
"If economic growth continues at this pace, the U.S. economy will double in size more than 10 years faster than it would have under either President Bush or President Obama," Trump said in remarks from the White House.Trump used Friday's second-quarter report to tout various aspects of his administration's economic agenda and take a victory lap around recent critics of his actions on trade. Predicting the numbers would grow even more in the next quarter, the president said the rate of private business investment has seen "a tremendous increase" to 9.4 percent since he took office and the U.S. trade deficit narrowed by $50 billion.
"I happen to think we're going to do very well in our next report. I think the numbers are going to be outstanding," he said, adding that his top economic advisers told him the current rate of growth is "very, very sustainable.""We've had a pro-growth agenda. It has been in a place for a short while [and] it is already beginning to work," said National Economic Council Chairman Larry Kudlow, who joined Trump and Council of Economic Advisers chief Kevin Hassett for the hastily organized appearance Friday morning.
"It seems that he says there were other people in the room. Let's see if there were. If there were no other people, then it becomes a credibility issue. There are issues involving lawyer-client privilege. Did he learn that from his client? We don't know enough to assess that. But right now, if that's all Cohen has to offer, I doubt he'll get immunity based on that," Dershowitz said.
"On the 27th of July, the Russian Air Force detected and destroyed a UAV, launched from the territory under the control of illegal armed formations in the north of the province of Latakia heading towards the Russian air base Hmeymim," the Russian Defense Ministry said in a report, adding that the incident has not resulted in damages or casualties. The ministry added that "the air target was destroyed by an anti-aircraft missile system [far from] the air base."Earlier in July, the Russian Center for Syrian Reconciliation reported about several drones launched from a militant-controlled area heading toward the Hmeymim base.
Comment: Israel is disappointed. How terrible to have a 'you're not special' reality check. How terrible to be left out of the US financial agenda, though outright-gifted billions each year to make military equipment it sells for a profit.
The Japan Times: US has exempted certain steel products from Japan, Sweden, Belgium, Germany and China from 25% import duties.
Quartz says: Mexico, Canada, Argentina, Australia, Brazil, South Korea, and the EU would be exempted from the 25% tariff on steel and the 10% duty on aluminum.