Required reading from around the web of the best, most interesting, or most though provoking things we’ve read:
Lifson: Mexico deal shows that Trump’s trade strategy is succeeding brilliantly
“The deal that he just negotiated with Mexico, leaving Canada on the sidelines, is described as a win-win pact, benefitting both countries. The key to benefit both sides is that China is the big loser. By tightening local [U.S. and Mexico] content requirements to 75%, up from 62.5%, and imposing a requirement that workers be paid at least $16 an hour on 40 to 45% of the content, Chinese auto parts and other supplies will be squeezed out. The exports China gives up will be replaced by content produced by Mexican and US Workers.
It is becoming clear to me that President Trump is mobilizing the principal trade partners of the US to unite to pressure China.”
Cohen Attorney Backtracks On Trump / Russian Hacking Claim
“Lanny Davis says he does not know whether President Donald Trump had advance knowledge of Russian hacks of Democrats. Earlier in August, Davis said his client, Michael Cohen, had information linking Trump to the hacks. Now he claims that he merely had an ‘instinct’ about what Trump knew.”
Chandak: REPORT: Claims That Immigrants Are Needed To Do The Jobs Americans Won’t Doesn’t Hold Up
“Jobs thought to be dominated by immigrant workers were heavily worked by native-born Americans.”