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There is no plan for a ‘dramatic’ US economic plan

The promise is going to be tough to deliver

President Trump helped to reverse market sentiment late yesterday when he promised to unveil “dramatic” and “major” economic policies today.
CNBC’s Eamonn Javers reports:
I’m told that there is no finalized economic plan inside the White House now. As of last night, I was told: “it’s not there right now.” A lot of details to work out.
Trump mentioned a payroll tax cut and that’s a bit of a trap for Democrats. They’re pushing for paid sick leave but Trump and Republicans will try to bundle in more. If/when Democrats reject it, Trump will frame it as Democrats being against a tax cut.
There’s also this from Politico’s Jake Sherman:
The promise is going to be tough to deliver

What’s urgently needed is something on paid sick leave to slow this down, rather than planning for economic impacts. Putting in a tax cut and politiking is going to drag it out and eventually cost more.

US President Trump expected to delay auto tariff decision for 6 more months

US political reporting website Politico with the info

  • Trump is expected to announce this week
  • putting off a decision on whether to impose tariffs on European Union autos for another six months
Poltico cite “a person familiar with the decision”
Link for more
And … bear this in mind:
  • The person with familiar the decision cautioned there is always uncertainty surrounding Trump’s final determination when it comes to trades and tariffs. But barring some unforeseen development, the president is expected to announce another six-month delay, the person said.