This week’s stock market antics and the occurrence of an inverted yield curve have provided compelling evidence portending another economic recession. These economic indicators, in addition to spurring stock sell-offs and turbulent market volatility, also sparked a firestorm of debate and commentary regarding how a potential recession would impact Trump’s 2020 re-election bid. The word…
If Trump goes through with his plan to increase tariffs on all Chinese exports, it would be a $2,000 tax increase on the average American family.
British economist John Maynard Keynes famously wrote in 1923, in a tract on monetary policy, “In the long run, we’re all dead.†Economists have debated the significance of this wry theoretical phrase. Some have critiqued him, along with other economists who sought to moderate the austerity policies of governments during times of intense economic retraction,…
A trade group is warning that Trump’s trade war with China is going to cost 400,000 US manufacturing workers their jobs.
Can we call an economy “successful,†if people living within it are being harmed, not served?
The battle for control of the U.S. Senate in 2020 may be decided in the cornfields of Iowa. Incumbent Republican Senator Joni Ernst is a rising star in the GOP and her seat is supposed to be safe. But nothing is safe for Republicans now, after Donald Trump’s trade war. Trump’s tariffs have caused massive…
Donald Trump, the self-proclaimed master negotiator, is not doing much to help the United States in trade negotiations with other countries. Under his leadership, the trade deficit in goods with China set a new record during his second year in office. This came despite his efforts to stop what he has claimed are Beijing’s trade …
Donald Trump’s tariffs have severely hit the bottom line of American farmers, yet many of them still support him. Farmers have been hurt in many ways by Trump, including lower prices for soybean and other crops they sell, and higher prices for metal grain bins and other equipment they buy. Yet according to a survey…
By Megan Davies NEW YORK (Reuters) – Politicians in America’s Rust Belt will likely struggle to capitalize on U.S. President Donald Trump‘s trade war in November’s congressional elections, with a September poll showing voters in the region are cool on the effect of tariffs. A Reuters/Ipsos/UVA Center for Politics Poll found that a plurality of…
Trump’s job-killing price waging trade war with China escalated further with the White House announcing $200 billion in new tariffs on China.
In August, China’s trade surplus with the United States grew to a new record which is sure to “add fuel to the trade war fire.†Customs data released over the weekend showed that the U.S. trade deficit with China was a record $31.05 billion in August, an increase from $28.09 billion in July, and exceeding…
Senior officials and donors from the groups affiliated with billionaire conservative businessman Charles Koch expressed great displeasure with President Donald Trump and his Republican enablers in the U.S. Congress at the group’s biannual seminar in Colorado Springs this weekend. “Trump tariffs assailed at Koch network gathering†Trump tariffs assailed at Koch network gathering https://t.co/FeFtFKrgXg —…
In a series of three tweets on Wednesday morning President Donald Trump set forth his opinions on his trade negotiations (they are going great) and on people who are criticizing him (they are weak). He also wrote: “China is targeting our farmers, who they know I love & respect.†In his first tweet he makes…
United States trade officials on Tuesday published a new list of thousands of products imported from China that will be hit with new tariffs. The Trump administration wants impose an additional 10% import tax on hundreds of Chinese food products as well as tobacco, chemicals, coal, steel and aluminum. The total value of import items…
To win election, Donald Trump positioned himself as a Washington outsider, as a candidate who would never take corporate money, and as a new type of political leader who would “drain the swamp†in Washington, D.C.. Instead, as everyone knows, Trump has been beholden to corporate interests and the Republican establishment in Washington which is…
On Sunday we reported that “Trump’s trade war is hitting the agricultural Midwest hard as farmers in eight of the top ten soybean producing states that voted for Trump are going to be looking at bankruptcy as they are already being hurt by Trump’s trade war with China.†We also said that Trump’s trade war…
According to a recent article in Fortune Magazine President Donald Trump is getting everything wrong with his trade policies. And they quoted a Nobel Prize-winning economist who summarized the risk to the American economy by saying:  “Right now, corporate America should be terrified.†What is terrifying is that Trump is: Wrong about the facts, Wrong…
A top official from the European Union said on Friday that U.S. President Donald Trump is “undermining” world order. As the official pointed out, the international order at risk was created primarily by the United States, and it is the U.S. that has been responsible for protecting and maintaining it since the end of the…
In his continuing efforts to destroy the reputation and standing of the United States in the world, President Donald Trump on Thursday lashed out at the leaders of our key allies, including France, Germany, the United Kingdom, and Canada. In a series of tweets yesterday Trump took aim at our key trading partners who have…
Charles and David Koch have been the largest and most powerful financial backers of Republican candidates, but they will no longer support any candidate who supports President Donald Trump’s trade tariffs. If the Koch network pulls its financial support from Republicans and starts giving money to Democrats it could have a major impact on future…
Canadian Prime Minster Justin Trudeau on Friday said that Donald Trump’s announcement that he is imposing new tariffs on Canadian goods “is quite frankly insulting and unacceptable.” In an exclusive interview with NBC NewsTrudeau said: “Our soldiers who had fought and died together on the beaches of World War II…and the mountains of Afghanistan, and…
