Fox Business host says Donald Trump's China tariffs 'could' lead to global recession

"It could, it could," Payne cautioned."I mean, we'll see. A lot of people are hoping that maybe the backchannels [between U.S. and Chinese negotiators] are being used right now," the financial expert added.to escalate his trade war with China, which has now gone on for more than a year, by adding 10 percent tariffs on $300 billion more of Chinese imports on the first of next month.

Chinese President Xi Jinping and President Donald Trump attend a bilateral meeting on the sidelines of the G20 Summit in Osaka, Japan on June 29"What's really different about this next round of President Trump's tariffs is that they mostly hit goods bought by American consumers," Chad Brown, a trade policy expert at the Peterson Institute for International Economics , said.

The president has repeatedly claimed inaccurately that the cost of the trade war is being paid by the Chinese. Despite what Trump says, tariffs are paid by U.S. importers when the products arrive in the country. Those costs are then often passed on to consumers or businesses that purchase the products.

The National Bureau of Economic Research published a report this spring, which examined data surrounding the impact of Trump's tariffs. That analysis found that the costs of the new import taxes were nearly

Source: News Formal (newsformal.com)

bullshit

Well the alarm bells for a US recession have been ringing for a while because of realDonaldTrump's financial mismanagement of the US economy so I suppose it's about time that FoxNews pointed this out too.

Masky_Jay_Hoody Hogwash!

Yea, let him run on that economy Election2020 fakepresident IllegitimatePresident

Make America regret again ... yes, without an A.

You can never rule this out

Can't say it's not his goal. 🤔

Fox Business host says Donald Trump's China tariffs 'should' breed a global recession

They will

😡

And as a bonus, since Trump took office the National Debt has increased $2.367 trillion. The bill is coming due...

WATCH NOW Seven Gun Control Ideas You Should Be Demanding, But Aren't...Yet CoryBooker SenWarren KamalaHarris JoeBiden BernieSanders PeteButtigieg

What Trump is good for, killing off businesses.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fox Corp to take over lender Credible Labs for $397 millionU.S.-based consumer lender Credible Labs Inc said on Monday it had agreed to be ... That's an odd purchase. Well done Lachlan. You are doing much better in life than your old OneTel friend James Packer. At last! Fox News can get some Credibility.
Source: Reuters - 🏆 2. / 97 Read more »

Fox Corporation Enters Agreement To Acquire Majority Stake In Credible LabsFox Corporation has entered a definitive merger agreement to acquire a majority stake in Credible Labs Inc., a leading consumer finance marketplace in the country. Fox is looking to buy 67% of the … the first time Fox and credible have ever been able to be accurately used in a headline
Source: DEADLINE - 🏆 109. / 63 Read more »

Fox Corp. to Buy $265 Million Majority Stake in Credible LabsFox Corporation has entered into an agreement to buy a majority stake in the consumer finance marketplace Credible Labs Inc., the company announced Sunday. As part of the merger agreement, Fox Corp…
Source: Variety - 🏆 108. / 63 Read more »

Fox News, NBC Ramp Up Coverage In Wake Of El Paso ShootingAs law enforcement investigates today’s deadly shooting at a shopping mall in El Paso, Texas; Fox News and NBC News are planning extensive live coverage. The first calls on the mass shooting … CNN: 'It's Trump's fault.'
Source: DEADLINE - 🏆 109. / 63 Read more »

Fox News Host: ‘I Don’t Know Where To Begin’ Debunking Trump’s Latest LieNeil Cavuto fact-checked Trump&39;s latest false claims about U.S. tariffs on products imported from China. Never trumper like shep Start with the one where he told everyone they could “ keep their health plan “, or where he told everyone that “ they could keep their Dr”.. oh wait! That was the last jackass who lied to everyone.. my bad! Why don't he try C.N.N or one of the other fake news media networks!!!
Source: YahooNews - 🏆 380. / 59 Read more »

Republicans and Fox News: White Nationalist Violence Has Nothing to Do With White NationalismRepublicans and Fox News: White nationalist violence has nothing to do with white nationalism What else would the roaches say. What did you guys expect that they suddenly, over night, turned sane? Why are you promoting their lies?
Source: RollingStone - 🏆 483. / 51 Read more »