President Donald Trump is doing everything he can to soften the economic blow of his trade battle with China, doling out billions of dollars in farmer bailouts and telling Americans that the Chinese are paying the tariffs he’s slapped on U.S. importers.
“It’s sort of like when you have a bad leak in a boat and you are trying to plug it up,” said Beth Ann Bovino, chief U.S. economist at Standard & Poor’s, of efforts to ease the pain of a trade war. “Water is going to win every time. The impacts from the trade dispute with China, especially if it snowballs from here, are going to be felt and there is going to be a lot of pain. And I don’t think the federal government can catch up to it.
Now he’s left with a fundamental reorganization of trade — especially the U.S. relationship with China — as one of his biggest unfulfilled promises. If he fails, the economy is likely to suffer as the stimulus from his tax cuts and spending hikes fades. Trump’s central political narrative so far has been that the tariffs he’s levied — now at 25 percent on over $200 billion in imports — are being paid by the Chinese, moneyto aid farmers now largely unable to sell soybeans, pork, sorghum and other products into the Chinese market due to retaliatory tariffs.
When Wal-Marts prices go up, majority of that population are trumps voters has going to see a huge drop in support.
Not only the trade war will do... 🙂
China needs to be reigned in and now before its too late...
Mexico will become the new China & immigration gets corrected simultaneously? Who knows ..
Slam him? Or expose him for the fraud he is. Not like we don't already know, but this would be the icing on the cake.
We can do without the China crap.. It will be fine.. Buy less Live more
it's a con from don
Will Trump even be running in 2020? Let's be honest, he must be impeached, indicted, and prosecuted.
seriously,,,you think he's going to let this happen?
Donate to MikeGravel get him to the debate stage for as little as 1$
⚠️ So Chinese could boot Apple out of China in retaliation for Huawei & Trump's ridiculous tariffs. This would crush the US StockMarket. Plunging the Trump Administration into mass chaos. Then, the Chinese could stop buying US debt for a few months. No MAGA after that.. 😎
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