Here Comes the #TrumpSlump
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by Future Majority | 10.4.19
The New York Times Reports: Here Comes the Trump Slump
“But now it’s starting to look as if Trump really will achieve something unique: He may well be the first president of modern times to preside over a slump that can be directly attributed to his own policies, rather than bad luck...The Trumpist trade warriors, it turns out, missed two key points. First, many U.S. manufacturers depend heavily on imported parts and other inputs; the trade war is disrupting their supply chains. Second, Trump’s trade policy isn’t just protectionist, it’s erratic, creating vast uncertainty for businesses both here and abroad. And businesses are responding to that uncertainty by putting plans for investment and job creation on hold.”
The Trump Slump is real and the American people are taking the hit for Trump’s ill-informed trade war.
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