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National unity is a foreign policy virtue — especially given China's challenge -The Hill

President’s Immigration Plan Could Use Some Work But it’s important step away from earlier calls to restrict legal immigration. -The American Spectator  

Top US commander warns Maduro 'mafia' poses threat beyond Venezuela The ongoing crisis in Venezuela is boiling over and aggravating security concerns throughout the Western Hemisphere, according to the top U.S. military commander for South America, Central America and the Caribbean. -The Hill  


Zuckerberg dismisses calls to break up Facebook The Facebook chief, whose company has come under heavy scrutiny on issues from election security to harmful content to data privacy, argued a break-up would only make it more difficult to address those challenges. -Politico

We might be better off if Facebook, Instagram and Twitter vanished: Sen. Josh Hawley -USA Today

Maybe. But maybe social media’s innovations do our country more harm than good. Maybe social media is best understood as a parasite on productive investment, on meaningful relationships, on a healthy society.

Trump Wields a More Powerful Weapon Than Tariffs for Trade War President Donald Trump’s trade war against China has so far focused on attacking imports. His new front: Weaponizing American exports. -Bloomberg

Trump planning more restrictions on tech exports to China -Politico

U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to provide about $700 million in grants to help U.S. telecommunications providers with the cost of removing Huawei equipment from their networks. -Reuters

Trump Administration Could Blacklist China’s Hikvision, a Surveillance Firm -NYT

301 EXCLUSIONS REQUESTS HERE  –U.S. Federal Register

JAMA ON IT IN AMERICA: An Enduring Partnership Over nearly four decades, Japanese-brand automakers have built up a vast American presence -JAMA

·       approximately $51 billion in cumulative manufacturing investment

·       over 84 million vehicles produced

·       over $1 trillion in U.S. auto parts purchased

American importers of metals from Canada and Mexico gain relief from tariffs. But the overall direction is still towards protectionism -The Economist

Operator of Venezuelan PDVSA's fleet seeks to detain tankers: document, sources German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA’s oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources close to the decision. -Reuters


Trade tensions slam Wall St. as global growth worries mount -Reuters

Buying Anything Linked to China Is a Risky Bet Markets seem to be underpricing the risk of the trade war, but that will change. Also, political uncertainty and the Ides of May. -Bloomberg

Why Trump’s new $16B farmer bailout could hurt agriculture -Politico

Sen. Chuck Grassley, an Iowa Republican, told reporters Wednesday that the White House should have been more cautious about the timing of the announcement because farmers are still planting.

“[W]e want farmers to make decisions on how many acres of corn and soybeans to plant based on the market and not something the government’s doing,” he said.

BEER SERVES AMERICA Beer industry blames Trump's tariffs for loss of 40K jobs A study released this week by the Beer Institute and National Beer Wholesalers Association found that direct, indirect and induced jobs were at 2.19 million in 2018, a drop of 40,000 jobs from 2016. -The Hill

Full study here A Study of the U.S. Beer Industry’s Economic Contribution in 2018

Canada Agrees to Take Back Trash Sent to Philippines Years Ago A protest calling for the return of tons of garbage to Canada from the Philippines at the Canadian Embassy in Makati on Tuesday. -NYT

The Real Cost of Trump’s Tariffs Whereas winners tend to outnumber losers when trade is liberalized, raising tariffs normally has the opposite result. US President Donald Trump appears to have engineered a spectacular example of this: his trade war with China has hurt almost every segment of the US economy, and created very few winners -Project Syndicate