Signs of recession worry Trump ahead of 2020

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WASHINGTON • United States President Donald Trump is warning of an economic crash if he loses re-election, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate.. Read more at straitstimes.com.

WASHINGTON • United States President Donald Trump is warning of an economic crash if he loses re-election, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate.

Though a pre-election recession in the US is far from certain, a downturn would be a devastating blow to the President, who has made a strong economy his central argument for a second term. Mr Trump has taken to blaming others for the recession fears, mostly the Federal Reserve, which he is pushing for further interest rate cuts.

Some of Mr Trump's closest advisers have urged him to lower the temperature of the trade dispute, fearing that further tariffs would only hurt American consumers and rattle the markets further. The President blinked once last week, delaying a set of tariffs in an effort to save Christmas sales.

 

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