Trade War Thursday – Trump Taxes $200Bn In Chinese Goods 25% – Americans Pay Him $50Bn

This great turn of events for MT comes just 5 months after Laski Mittal bought a $25M apartment at the Trump International in NYC.  US Steel (X) is also a major contributor to Trump and the GOP and Trump crows all the time about how well he is taking care of his buddy, CEO Dave Burritt but, so far, none of the jobs or factory openings they promised have actually happened – just more money for Trump and his buddies.  Dave has said that  Trump's tariffs are "vital to the interests of the United States" – keep that in mind when you pay $5,000 more for your next car…

Of course, steel company executives aren't the only people buying Trump properties to curry the President's favor.  Buyers connected to Russia or former Soviet republics made 86 all-cash purchases — totaling nearly $109 million — at 10 Trump-branded properties in South Florida and New York City, according to a new analysis shared by McClatchy. Many of them made purchases using shell companies designed to obscure their identities. 

The size and scope of these cash purchases are deeply troubling as they can often signal money laundering activity," said Rep. Adam Schiff of California, the top Democrat on the House Intelligence Committee and a former federal prosecutor. "There have long been credible allegations of money laundering by the Trump Organization which, if true, would pose a real threat to the United States in the event that Russia were able to leverage evidence of illicit financial transactions against the president."

Special Counsel Robert Mueller has spent more than a year investigating whether Trump's campaign colluded with Russia to interfere in the 2016 presidential election, a widening probe that appears to include questions about his family business, the Trump Organization. "This is all about money laundering," former White House chief strategist Steve Bannon is quoted as saying about the Mueller inquiry in the book, Fire and Fury.

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