President Donald Trump needs two big achievements to keep markets and the economy as glittering assets in his challenging 2020 reelection bid: passage of a new NAFTA and a trade deal with China.
“These are two very big factors,” Larry Kudlow, Trump’s top economic adviser, said in an interview. “There are a lot of different estimates around but several, including the Council of Economic Advisers, have suggested that a satisfactory China deal plus USMCA could add almost 1 percent to next year’s GDP. That’s a difference between a 2 percent economy and a 3 percent economy and that’s very powerful.”House Speaker Nancy Pelosi has said positive things about the USMCA, Trump’s NAFTA successor.
The White House has been increasingly aggressive in attacking Pelosi over the USMCA deal in recent days. Trump recently complained that the deal is “sitting on Pelosi’s desk” and that she is “incapable of moving it.” But differences remain on exactly which tariffs would be removed and what kind of changes the Chinese will agree to on intellectual property theft, forced technology transfer and other critical issues. The pro-Hong Kong democracy bill thatMeanwhile, markets continue to move ahead under the expectation that a China deal will get done and USMCA will ultimately pass. Failure of one or both could trigger a serious decline on Wall Street, analysts warn.
Source: Financial Digest (financialdigest.net)
Nah
Bet you are wrong
If both are allowed to happen... How will the Democrats fair too Congress holds to reins of USMCA after all..... The China trade imbalance should have been cracked down on sooner but previous POTUSes didn’t want to touch it.
The Dems dream.
The Democrats holding out for guaranteed worker rights in Mexico or anywhere in the world is the right thing to do. The US should have nothing to do with sweat shop products.
Usmca sits with pelosi.
That’s a very good chance for that to happen because he can’t get anything done but break laws and spend time lying about that he wasn’t involved
“His” failure to complete USMCA?
Wrong!!!
Iran China North Korea Paris nafta nato South America Taliban Syria all on Putin’s wish list all executed by his man trump !
USMCA is now on SpeakerPelosi. It could have been done, despite their singular impeachment focus. China is hurting far more, and will want a deal.
Horseshit.
I’ve been hearing that the economy was doomed since Trump was elected.... when’s it gonna happen already?
If the Dems and Repubs would just do their damn jobs and stop playing political darts we might actually get something done. Put Americans before parties!!!!
They'll bend MAFIA DON over the barrel and he'll take a very BAD DEAL. But what's new?
STOP YOUR BS LYING!
Trump hasn’t even submitted a final version of NAFTA II for Congress to vote on. China has strung him along for 3 years. He’s done.
And TheDemocrats do not care if the economy crashes as long as they gain power. WalkAwayFromDemocrats NeverSocialism
There is actually one other big bad omen hanging over Trump, & that is the Eastern District Court where he faces SEVERAL charges. Those charges may be as severe to him as facing his impeachment case. Next week the Impeachment will be scheduled, and he said that he will be there.
More lies from fakenews
'You know who helped me get elected, I got me elected. Russia didn't help me at all Obv Faux prez DONALD a russia putin ASSET ImpeachDonaldTrump Pence Barr Pompeo too History will judge badly a gop who Speak, See, Hear NO EVIL SHAMEFUL & PATHETIC
Only does he sink in 2020.
Speculations are considers fake news ,Politico
Democrats delaying laws to try and hurt trump.
So, 2020 economic wreckage, it is......
Well, if a ham-handed approach gets Trade Deals made..maybe we have a prayer. 😳
If USMCA does not pass, the Democrats will take full responsibility because of their failure to act.
That's on the Democrat Congress that hasn't done squat for months.
Oh ffs. Trump has been right at every turn and you keep printing doom soothsayer pap that fails to ever materialize. Hacks.
The deal is done idiots !! Its sitting on SpeakerPelosi desk for 1 year U cant be serious with this BS
This is Trump's Trade War. Trump started this Trade War all on his own. Trump says Trade Wars are 'good and easy to win'. Trump ignored everyone who said this is dumb and would be a disaster. Trump is a failure. Dems2020
All they shave is impeachement in mind these do nothing can ever shine Trum shoes they know nothing and do nothing
ca You mean treason isn't enough?
tRump’s game is lame. 24/7 lying , blame the Dems. Screw tRump and scorched earth is the only strategy. Ask yourself how tRump plays the game. Fire with Fire is the only way now.
Omg, place the blame where it rightly belongs! On SpeakerPelosi shoulders.
USMCA falls squarely on drunken nasty Nancy Pelosi. Everyone else has done their job. She obviously can't or, more appropriately WON'T, do hers
Can you say landslide? The Democrats still refuse to do anything 'for the people'.
And whose fault is that? And just hurts all AMERICANS
Trump administration failure or DemocRATS technique to hurt him and the economy by making people suffer?
Usmca is on the Democrats, specifically Pelosi. china deal does not need to be rushed.
FAKE NEGATIVE NEWS from the Politico. The economy is great, China is hurting, not the USA, and USMCA hasen’t passed because Pelosi and the Democrats won’t bring it to a vote. Pelosi is more interested in a Coup.
Trump's1 job, wreck the economy
Note that it is the Democrats preventing USMCA from being voted in. I wonder why partisan scum Politico didn't remember this? Better to have no China deal until they stop lying, cheating, and stealing, unless you are pro-communist, anti-US Politico, of course.
GOP , realDonaldTrump and his scumsuckers are done. The US is screwed because of them. senatemajldr MoscowMitch and the rest of the morons refuse to pass ANY bills brought forward to protect the country. So, you're all screwed.
As long as Trump has nothing to do with it, there’s a chance. If he gets personally involved, it will fail because ETTD.
What Failure
Failure to complete by trump or Pelosi? She’s the one sitting on usmca
Optimistic = Deluded
'Could' That'd be what you want to see happen. Politico you would be happy if the economy blew up just to talk down the President and back stab him
Based on your reporting, what you’re saying is that Americans don’t care that POTUS is corrupt as hell so long as he can juice the economy and our wallets.
Trump finished the USMCA. It’s been on Pelosi desk for 9 months. And people wonder why no one trusts the media anymore.
It’s not his failure it’s the do nothing Dems!
It's surreal.... a handful today recognize the true injustice of slavery in our nation, while so many others turn a blind eye to the deolorable working conditions that occur in todays Wall Street led communist work force. Slavery didn't end, Globilism just outsourced it.
He’s making a deal with the Marine Corps?
President Trump has the backbone to do what no previous president has ever done for our country.
This tweet is directed at the Dems, right? They are the ones holding up USMCA. DO NOTHING DEMS go to work!
Dems and media hope. Despite you the economy is booming. Have you seen minorities unemployment numbers?
👎👎👎🤡🤡🤡🤡🤡🤡😡😡😡🇺🇸🇺🇸
Are they though? It makes no sense. Stop letting them gaslight. “President’s team says they feel optimistic” or “president’s team claims optimism”.
Democrats reporter wet dreams.
Major roadblock? DEMOCRATS!
Trying to stiff arm the real hold up I see. LOL. Is Goebbeles running too
He doesn’t govern, he is a showman and acts on applause lines. I fear that the applause get louder and will drown out saner voices.
Democrats own that. They can pass it the people know
a co mają mówić?
You write, the Trump’s administration failure to complete the deal with China and the USMCA pact. Are you kidding me? Politico blames Trump while the do nothing House Democrats laud over our country possibly failing economy. Your reporting is so one sided and bias!
You really think Trump is the reason these deals are not getting done?
BS...USMCA IS DONE...only problem Dems want stuff..to stop it Call politics against the Union by 32%ters...
Don’t blame Trump for the USMCA not getting done he got the other countries to sign on ,blame the resistance! Seems Politico has joined the resistance you all should be ashamed.
Yeah right. Such Bullshit. Get Them OUT!!!
1) Trump won't give up Hong Kong freedom to get China deal and AMERICA AGREES WITH HIM 2) USMCA is not done because DEMOCRATS WOULD RATHER TRY TO IMPEACH TRUMP- Americans agree with Trump that USMCA MUCH MORE IMPORTANT THAN IMPEACHMENT
They’re only saying this to create temporary upticks in certain stocks. Sharks will drive the price up a little based on optimism and then sell off leaving your average trader stuck or selling for a loss. This news is only good for a very quick day trade.
Oh it’s trumps fault that the house won’t approve USMCA?
That’s rich....everyone knows what’s holding up USMCA....the Dems. Instead of doing what’s good for the country and creating jobs they are more concerned with playing little political games
The optimisim of desperation.
Yo idiots... USMCA has been siting on SpeakerPelosi desk for 1 year.. idiots at politico
Maybe you should interview SpeakerPelosi. She refuses to bring it to the floor for a vote. USA, Canada and Mexico want it, but Nancy has decided...nah....we won't give POTUS this victory. Talk to her.
Politico barely has a pulse
Blame the Democrats NOT Trump. Pelosi refuses to sign the USMCA.!!! Tell the truth for a change
Trumps a loser and liar. Trump always has been a business failure and now he’s trying to do the same as he has done to all of his businesses to our country l, he must be held accountable for al his failures since his Russian backed election
A Dem strategy
Trump didnt fail this deal, it was on Pelosi desk that she won't sign. Its been on the news it was Pelosi? Fake news!!!
He looks very close with USMCA. It's also in both Chinese and US interests to come to a deal on trade. I say odds are 85% USMCA is completed before 2020 and 70% for a 1st stage trade deal.
He won't lose against a party where many of the candidates believe that serial killers should be able to vote from prison and who are willing to give tax payer funded healthcare to anyone who crosses the border illegally. He's good.
Amphetamine-fueled optimism.
The USMCA is just a rebranding of NAFTA. Worthless. Trump's tariff war with China will not work. Trump is a moron. Worthless. You were saying?....🙄
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