ALL NOISE … OR IS IT? The world learns to ignore Trump Diplomats and investors are starting to dismiss Trump’s policy tweets and other quickly shifting statements. -Politico

National Security Presidential Memorandum Regarding U.S. Conventional Arms Transfer Policy -The White House

The Republican Party is organised around one man -The Economist

Across Midwest, Farmers Warn of G.O.P. Losses Over Trump’s Trade Policy China’s proposed tariffs on soybeans would hit hard in Iowa, Kansas, Missouri, North Dakota and other states with highly competitive House and Senate races. -NYT

Automation and American Leadership In an era of rapid technological change, it is widely assumed that disruptions to labor markets are inevitable – and positive – indicators of a country's international competitiveness. But should policymakers really use the economy to advance national power at the expense of the many people and regions left behind? -Project Syndicate

As cities get high-tech, hackers become more dangerous Atlanta, held hostage by ransomware attack, illustrates growing cybersecurity threat -Recode

Canada sees progress on crucial autos file at NAFTA talks -Reuters

“I will say that we have been making good progress on the rules of origin in our conversations with the U.S., with Mexico, and in our trilateral conversation,” Freeland told reporters, but declined to give details.

Nafta Has ‘Absolute Support’ of Mexican Presidential Front-Runner -Bloomberg

A Castro in All But Name? Cuba’s new president inherits an island stuck in limbo. He’ll need to finish what his predecessor started. -Politico



Wells Fargo Said to Be Target of $1 Billion U.S. Fine Federal regulators are poised to impose a $1 billion fine on Wells Fargo for years of selling unnecessary products to customers, the toughest action by the Trump administration against a major bank. -NYT

Punishing Wells Fargo: Just Deserts, or Beating a Dead Horse? -NYT Commentary

AT&T’s CEO took the stand in the Time Warner trial. Here’s what he said. -The Washington Post

Facebook and the Future of Online Privacy The most telling moment of testimony came when Illinois Senator Richard Durbin asked whether Zuckerberg would be comfortable sharing the name of his hotel and the people he had messaged that week, exactly the kind of data tracked and used by Facebook. Zuckerberg replied that he would not be comfortable providing the information. “I think that may be what this is all about,” Durbin said. “Your right to privacy." -Project Syndicate

E-commerce companies don’t pay local sales taxes. They need to get serious about fixing that. The U.S. has been trying to figure out how to tax out-of-state transactions since before the internet. -Recode

NOT MY 60 INCH WIDESCREEN!! Estimated Impacts of Proposed Tariffs on Imports from China: Televisions, Monitors, Batteries and Printer Cartridges -The Consumer Technology Association

Secretary Ross Announces Activation of ZTE Denial Order in Response to Repeated False Statements to the U.S. Government -Department of Commerce

READ THE ORDER HERE Order Activating Suspended Denial Order Relating To Zhongxing Telecommunications Equipment Corporation And ZTE Kangxun Telecommunications Ltd.

Consumer activists, experts advise against buying ZTE phones -Reuters

Huawei, Failing to Crack U.S. Market, Signals a Change in Tactics Huawei’s latest moves suggest that it has accepted that its political battles in the United States are not ones it is likely to win. -NYT

Pentagon Says Cloud Contest Winner Only Guaranteed Two-Year Job -Bloomberg

Brazil secures WTO backing in dispute with Canada's Bombardier -Reuters


Fed Will Accept a Recession Before It Allows High Inflation Even modest price increases could compel the central bank to raise rates faster. -BloombergView

U.S. Treasury considers emergency powers on Chinese investments: official -Reuters

U.S. sorghum armada U-turns at sea after China tariffs -Reuters  

THE RESOURCE NATIONALISTS ARE COMING Trump's Latest Plan for Saving Coal Comes From the Cold War Under the approach, the administration would invoke sweeping authority in the 68-year-old Defense Production Act, which allows the president to effectively nationalize private industry to ensure the U.S. has resources that could be needed amid a war or after a disaster. -Bloomberg

How U.S. Sanctions on Russian Aluminum Shook Markets -Bloomberg