Why Trump Can’t End the Trade War and Is Only Going to Keep Intensifying It

Trump needs the war to blame the recession on if the bubble bursts before November 2020

If recession hits as 60 percent of Americans now fear, 57 percent would blame Trump. They would be entirely correct to do so. While candidate Trump warned the recovery was a phony bubble that was doing very little for most people, the President Trump rather than deflate the bubble, lauded the economy and took credit for stock market valuations.

Zero Hedge:

According to a recent poll by Harvard-Harris57 percent of Americans would blame President Trump if the U.S. slid into a recession in the next year. Additionally, as Statista’s Katharina Buchholz notesonly 33 percent said the Federal Reserve Bank, which influences the economy for example by setting the federal funds bank lending rate, would be to blame.

Asked who was at fault considering the recent economic turmoil, 35 percent of respondents still named Trump, while 30 percent blamed the U.S.-China trade tensions and tariffs, which were imposed by the Trump administration also.

More than 60 percent of participants said that they were concerned that a recession was going to hit the United States within six months. An about equal amount said they believed that the U.S.-China tariffs were hurting the U.S. more than they were hurting China.

It is beyond Trump’s power to definitely postpone the recession. At this point even a deal with China and zero interest rates may not be enough to push it back until after the election. That being the case, his only shot at re-election if the economic unraveling hits before November 2020 is to be able to say it was caused by taking on China and is justified as a temoporary sacrifice in a war.

He’s already practicing the sell:

“Let me tell you, if I wanted to do nothing with China, our stock market, our stock market would be 10,000 points higher than it is right now but somebody had to do this,” the president told reporters at the White House on Wednesday. “It was out of control and they were out of control.”

 



You may back the site at:




Subscribe
Notify of
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

John C Carleton
John C Carleton
17 days ago

Because thats not what his anti-American masters tell him to do.
These trade wars are not about helping the American people.

If the pedophillic International “bankers” had wanted to “help” the American people, they would not have used the IRS, OSHA, EPA, to force American manufacturing to go to china in the first place.

The same bunch forced American jobs overseas, so evil rich corporations, could use slave labor in China, put all that stuff of pollution spewing ships, ship it to Americans who were then forced to pay a price just as if the product had been manufactured in AMERICA.

The corporations made a killing.
Now, playing politics, trying to see who has the biggest one, USA is forcing Americans to pay still more for products made with slave labor, with the extra loot going to the USA coffers, which they also control

therevolutionwas
therevolutionwas
17 days ago

Wait a minute; “American manufacturing” was “forced” to “go to China” by the govt, and the very same “evil rich corporations” once overseas are now evil, and making a killing! The poor Boobus Americanus must pay a high price for this China crap to boot. It couldn’t be that the cost had anything to do with the fact that the US runs on fiat money, and that inflation had something to do with it, could it? Then there is the fact that there are about 99% of US retirement funds invested in these evil corporations and dependent on them for their retirement.
Government deserves the blame. They are the evil.

John C Carleton
John C Carleton
17 days ago

Thats what I said.
Few years back, the EPA, stole a bunch of exotic woods from Gibson Guitar, who has tried to keep manufacturing in America.
They did this, even though Gibson had imported the wood, from different countries, obeying all those countries laws, and brea]king none of USA’s.

They then told Gibson, if they off shored their manufacturing, this problem would go away.

Thats what I said, forced, and I did not stutter.
Talking about real American business, family owned, loyal Americans who did not want to move their business, harassed by DC using the alphabet criminal agencies to do so.
Not so the International corporations, they are the ones had the Feds force Americans business over seas.

Do NOT follow this link or you will be banned from the site!