Oz did not warn the great and stronger, as Donald Trump himself, the Americans that the road to his promised golden age would be full of speed bumps, stops and starts and large balls in the form of higher shopping bills and reduced retirement accounts. The candidate Trump did not warn the voters not to be patient. No, he was doing The work of its magic “on the first day”, “ Constantly promise, mainly with “”Beautiful“Definitions on imports from other countries. He even received the credit for the stock market gains before He returned to the oval office.
But now there, the market losses have Wipe All of these gains, Consumer confidence He has Diving and The employment of the private sector is Below the expectations.
blame Trump says Joe Biden, to leave him a “horrific economy”, which is what The former president certainly did not do. Almost all other market viewing, here and abroad, including Wall Street JournalIt makes mistakes in the current inconsistent installation with the customs tariff, its irregular imposition on communication, and the uncertainty resulting that paralyzes small and large companies alike.
As often at Trump times, This week’s title From onions it was closer to the truth than satire: “Trump says the unfortunate recession, but it is necessary to reach depression.”
This was not absurd than the no -meaningful talks in Trump recently, and not the least of which is his statements on Sunday on Fox News in which he is He refused to exclude the recession On the way to the promised land. He said, “It takes some time.” Meanwhile, “You cannot see the stock market,” said the man who watches the stock market anxiously.
For a real address, here is the Wall Street Journal late Monday, after the Trump market erupted: “Wall Street is afraid that Trump will destroy the soft landing.” JPMorgan Chase and Goldman Sachs raised the recession due to what Cis dubbed “extremist American policies”. As an investor in the magazine said: “This is a human condition.”
He did not have the name of the man, of course. But the “situation” should not be a surprise to the corporate meek, pressure groups, agricultural business and other Republicans who are It is said that he is demanding White House Chief of Staff Suzy Wales and other Trump assistants to help the president get a fist.
Terif Tromult only bother them because they did not take Trump seriously when he imagined the campaign rally after gathering about “tariff” from foreign imports. In January, Associated Press Quoted It is possible that the economist, who said the economic repercussions are likely “sufficient for a deterrent that Trump will not end up implementing these higher definitions.”
The voice of the factors enabling the president in his favor because they believed his allegations that the customs tariff will not raise prices and cost jobs (despite all economic evidence, on the contrary, including Trump’s record The first range Definitions). They simply thought he was not serious, and they believed that the stupid idea would be spoken.
But before?
In economic policy, as in many, the adults left the room for Trump 2.0. This was also predicted given the repeated conversation of the candidate Trump from the shift to “yes” in a second term. Missing the likes of Gary Cohn, the chief economist in Trump in the first chapter, who to resign In March 2018, after failing to discourage the president from slapping the high definitions of foreign steel and aluminum. A few days ago, Trump was Tweet: “Commercial wars are good and easy to win.”
He still thinks, even when he fluctuates, delayed, followed, then retreats and gives import exemptions in response to protests at home. The same types of mineral definitions that have proven that the last straw because seven years ago entered midnight on Tuesday, at a rate of 25 % for products all over the world. The European Union is expected to take revenge on the customs tariff starting from April 1 for the famous American goods, including motorcycles, Harley Davidson, Bourbon and Blue Genesis.
This makes for a multiple trade war, including battles against China, Canada and Mexico, the three largest commercial partners in America. All counter -attack. On Monday, China duty Definitions on American agricultural products, thus hitting the Trump rural base.
With the latest item, defenders of the business world are rising to their prior awareness that tax cuts promised the standard cancellation will not come with great help in definitions. “People were not able to see only the good side when Trump was his promise,” economist Dario Berkins told the magazine. “This has evaporated mainly, and now, we went back to monitoring the recession.”
Senior executives at the round table in business to attend a meeting with Trump on Tuesday. They did not get what they came for – “The least unpredictable”, in the words of one of the unknown attendees to the Washington Post. He added: “How do you do this with this president?”
Trump differently claims that the customs tariff will force foreign companies to build companies here and American companies to expand at home; They will raise required revenues or are valid penalties for countries that are drug sources or immigrants. It does not add what is up, and the Americans pay a price.
Inside the Trump administration, Cracks are formed. Publicly, however, the light continues. “It is not chaotic,” Trade Minister Howard Lottenic Insist CBS News on Tuesday. “The only animal that is believed to be messy is a ridiculous person.”
Fellow for us.