Boeing hit to US economy a worry for Trump reelection bid

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WASHINGTON - President Donald Trump is counting on a strong US economy to seal his reelection victory but the Boeing crisis and ongoing trade frictions could undermine that strategy.

Trump on Wednesday criticized Boeing as a "very disappointing company" because of the aerospace giant's recent problems after the worldwide grounding of the 737 MAX plane, which is having knock-on effects for the broader economy.

And as the impeachment trial against him proceeds in the Senate, Trump of course has blamed Democrats for a political attack that is distracting from his policy priorities. "Nobody has done so much as I've done," Trump said in an interview with Fox Business Network from the economic forum in Davos, Switzerland, where he also floated the possibility of a middle-class tax cut.

Continued uncertainty over trade could drag US growth below 2.0 percent, according to many forecasts. The aviation giant's newly-installed CEO David Calhoun acknowledged Boeing's importance to the US economy.

 

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