Reply to Trump tariffs: ruin U.S. economy until 2040

Forum Index » Political Discussion

Reply to "Trump tariffs: ruin U.S. economy until 2040"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]He’s like a toddler, jabbing his finger here and there to see what happens.  There was no “deal”. 
The numbers were looking bad, the probability of recession was 60%.
So now tariffs are 30% for 90 days.  
Now the probability of recession is 45%. But after the 90 days?

He’s just a stupid small toddler man and the whole world can see that, even if  nearly half of US adults cannot.

“Unprecedented trade uncertainty

Of course, uncertainty had almost nowhere to go but down.

Trade policy uncertainty, as measured by an index that mentions the topic in major US newspapers, had skyrocketed in recent months to off-the-chart levels unseen since tracking began in the 1960s.

The sudden reduction in US and China tariffs will ease financial pressure on the business community but only adds to the sense of whiplash. And it remains to be seen exactly how businesses will respond to levels of uncertainty that Wolfers described as “paralyzingly high.”

“It’s absolutely a manufactured crisis,” said Holtz-Eakin, who served as an economic adviser to Sen. John McCain during the 2008 presidential campaign.

Wolfers said investors and the business world are still bracing for the next shoe to drop when it comes to tariff policy out of the Trump White House.

“What are the chances that we have 90 days of calm ahead of us?” Wolfers said. “[b]Today we have good news, but what would really be good news is if someone just took the button away from him.[/b]”
“
https://www.msn.com/en-us/money/markets/trump-s-china-trade-breakthrough-might-be-enough-to-avoid-self-inflicted-recession/ar-AA1EDxWs[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics