08-23-2019, 01:44 PM
WHAT a surprise. Who knew that trade wars would be so complicated?
Yeah, good luck with that with this crew.
Along with farmers (part of the proposed tariffs are on soybeans), American manufacturing takes another hit, when it can afford it least:
With the record of success that Mr. Manufacturing and Mr. Beautiful Clean Coal has had, I can imagine other industries are hoping The Chosen One stays away from them.
And as these things are often determined in retrospect, I think it’s entirely possible the recession has already started.
“China’s imposition of tariffs is a forced response to the unilateralism and trade protectionism of the United States,” said the Communist Party-run Global Times. The outlet said it hoped the trade conflict would be resolved “on the premise of mutual respect and equality and trustworthiness in words and deeds.”
Yeah, good luck with that with this crew.
Dow Jones industrial average futures, which had been predicting a 100-point gain at markets’ open, sank immediately following the announcement of China’s retaliation and now point to a 150-point loss.
Auto stocks dropped in premarket trading, with General Motors off 1.7 percent, Ford Motor Co. sliding 1.9 percent, and Fiat Chrysler down 1.1 percent.
Along with farmers (part of the proposed tariffs are on soybeans), American manufacturing takes another hit, when it can afford it least:
America's manufacturing sector shrank for the first time in nearly a decade
American manufacturing activity is slowing as rising tariffs have made materials more expensive. The sector shrunk for the first time since September 2009, according to IHS Markit.
With the record of success that Mr. Manufacturing and Mr. Beautiful Clean Coal has had, I can imagine other industries are hoping The Chosen One stays away from them.
And as these things are often determined in retrospect, I think it’s entirely possible the recession has already started.