China hits back at the US with tariffs, Though with investors not yet panicking about President Trump's trade policies,
Journal columnist James McIntosh looks at how that could affect Trump's strategy going forward.
It comes back to this question that we kind of don't know the answer.
Is he just watching the markets?
In which case he'll be encouraged to go a lot further by the fact the markets didn't freak out,
which then leads to the weirdness that maybe next time the markets do freak out because he goes further.
Plus,
President Trump's advisors weigh a plan to dismantle the Education Department and El Salvador offers to take back U.S.
deportees.
It's Tuesday, February 4th.
I'm Luke Vargas for the Wall Street Journal, and here is the AM Edition of what's News,
the top headlines and business stories moving your world Today,
Beijing is responding to new 10% tariffs on Chinese goods announced
by President Trump over the weekend by enacting tariffs of its own.
In moves announced today,
China will place 15% tariffs on imports of American coal and liquefied natural gas and raise levies on crude oil,
agricultural machinery and certain vehicles.
Separately, China added several critical minerals and metal based products to an export control list.
And the country's antitrust regulator announced an investigation into Google for possible antitrust violations,
though it didn't cite a reason or provide other details.