The Times reported this week that the U.S. military was quietly preparing for the possibility of war with Pyongyang. Joel S. Wit, Senior Fellow at the U.S.-Korea Institute at Johns Hopkins and author of "Going Critical: The First North Korean Nuclear Crisis" joins The Hive to discuss what Americans need to worry about...and what they don't.
Wit says there is a chance of going to war with North Korea, but no one should think it will happen tomorrow. The reports of U.S. military exercises are very serious though, and people should take note. On the other hand, Wit says President Trump's tweets have made it seem like the situation is a lot more dire than it really is.
Plus, Wit adds that North Korea and South Korea banning together for the Winter Olympics is the first piece of positive news we've had in a long time from that region. However, he wonders what will happen after the Olympics. Will tensions continue to ease? Or will things go back to normal?
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
Why not tax the millionaires? That question won't seem to go away as Congress begins drafting a package of tax breaks and spending cuts for President Donald Trump’s “big, beautiful bill."
