> Trump Trade War Escalation, is going to Cost 800,000 Jobs, Trigger Deep Recession

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Tom Shytty Diaper Leykis
#1 2019-09-11 13:33:56

Trump Trade War Escalation, is going to Cost 800,000 Jobs, Trigger Deep Recession

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The tariffs are piling up. By December 15, President Donald Trump plans to hit nearly everything Americans buy from China with duties, covering 20 percent of total U.S. imports. Predictably, Beijing has retaliated by eliminating access to a 1.4-billion-person market that took soybean farmers and other American businesses years to develop. Relations with China are getting more toxic by the day. No deal is in sight.

And yet, although all the major watchdogs—the Fed, IMF, World Bank, and OECD—are certainly worried about the trade war’s impact on the global economy, so far, at least, it is hardly in a tailspin. And despite some shrieks of horror when the tariffs were first announced (from me included), there has been no real public outcry.

Were the doomsayers just paranoid? I don’t think so. The way the tariffs were structured explains why some of their negative influence has so far gone unnoticed, and the administration’s messaging explains why corporate America has so far kept relatively quiet. Although “so far” won’t last forever, by the time people start yelling, it may be too late to avoid serious economic damage.

https://www.newsweek.com/trump-trade-wa … ys-1458706

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Suck it Liberals!
#2 2019-09-11 14:32:03

Re: Trump Trade War Escalation, is going to Cost 800,000 Jobs, Trigger Deep Recession

TRUMP NEEDS TO GET US INTO A REAL WAR!!!

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Ivanka Trumps Stinky Qunt
#3 2019-09-11 14:38:42

Re: Trump Trade War Escalation, is going to Cost 800,000 Jobs, Trigger Deep Recession

Suck it Liberals! wrote:

TRUMP NEEDS TO GET US INTO A REAL WAR!!!

Real people die in real wars, HeeKee.

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#4 2019-09-11 14:42:47

Re: Trump Trade War Escalation, is going to Cost 800,000 Jobs, Trigger Deep Recession

7D chess, GEDboi will never understand.

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#5 2019-09-11 14:45:58

Re: Trump Trade War Escalation, is going to Cost 800,000 Jobs, Trigger Deep Recession

wrote:

7D chess, GEDboi will never understand.

Checkers dRump plays checkers in a chess world.
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