Donald Trump acknowledges 'aggressive' China trade policies could tip US into recession, says need strategy for long term benefits
5 years, 7 months ago

Donald Trump acknowledges 'aggressive' China trade policies could tip US into recession, says need strategy for long term benefits

Firstpost  

Washington: President Donald Trump acknowledged Tuesday his aggressive China trade policies may mean economic pain for Americans but insisted they’re needed for more important long-term benefits. Asked if his trade war with China could tip the country into recession, Trump brushed off the idea as “irrelevant” and said it was imperative to “take China on.” “It’s about time, whether it’s good for our country or bad for our country short term,” he said. “In fact, if the Fed would do its job, I think we’d have a tremendous spurt of growth, a tremendous spurt.” Yet he also said he is considering a temporary payroll tax cut and indexing to inflation the federal taxes on profits made on investments — moves designed to stimulate faster growth. He downplayed any idea that these thoughts indicate a weakening economy, saying, “I’m looking at that all the time anyway.” Asked about his remarks, White House spokesman Judd Deere said, “The president does not believe we are headed for a recession.

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History of this topic

China calls on nations to open markets amid looming Trump tariffs
5 days, 6 hours ago

China calls on nations to open markets amid looming Trump tariffs

Firstpost  

Chinese Premier Li Qiang urged countries to open their markets to combat “rising instability and uncertainty” at a business forum in Beijing on Sunday, as China braces for further U.S. tariffs. Premier Li Qiang said China is prepared for “shocks that exceed expectations” as the world anticipates U.S. President Donald Trump’s announcement of additional tariffs on trading partners next month. …

Trump Says US Doesn’t Want Russia, China Moving Closer Together
1 week, 2 days ago

Trump Says US Doesn’t Want Russia, China Moving Closer Together

Live Mint  

President Donald Trump expressed caution over closer ties between China and Russia, outlining plans to improve ties with two countries that have united in opposing the US on the world stage. “As a student of history, which I am — and I’ve watched it all — the first thing you learn is you don’t want Russia and China to get …

'Long-term pain': Experts rake Trump's new economic pitch over the coals
1 week, 3 days ago

'Long-term pain': Experts rake Trump's new economic pitch over the coals

Raw Story  

While President Donald Trump pledged to begin a "golden age" on "Day One" of his presidency, in recent weeks he and his administration have started to talk about the possibility of economic pain, while at the same time not ruling out the possibility of an outright recession. Many economists who spoke with the New York Times, however, suggested that deliberately …

Slowdown imminent? Trump's trade policies threaten inflation, warns OECD
Trending News
1 week, 4 days ago

Slowdown imminent? Trump's trade policies threaten inflation, warns OECD

India Today  

Donald Trump's trade policies have put the world on a path to slower growth and higher inflation, the Organisation for Economic Co-operation and Development warns in its latest report. A 10-percentage-point increase in tariffs could shrink global economic output by 0.3 per cent by 2026. The OECD projects that if the US raises tariffs on all non-commodity imports and other …

Chinese economy on shaky ground in first two months of 2025, data shows
1 week, 4 days ago

Chinese economy on shaky ground in first two months of 2025, data shows

Firstpost  

Data also showed that unemployment rose, while housing prices continued to fall in most major cities. File image/AFP China’s economy charted an uneven trajectory in the first two months of the year, a slew of key indicators showed Monday, muddying Beijing’s drive to boost flagging consumption. Data from Beijing’s National Bureau of Statistics on Monday offered some positive signs, showing …

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite
1 week, 6 days ago

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite

CNN  

Hong Kong CNN — China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump. The plan builds on Premier Li Qiang’s promise during a major political meeting earlier this month to ensure that the “giant ship of China’s economy” will “sail steadily …

Key consumer sentiment gauge plunges amid concern over Trump trade wars
2 weeks, 1 day ago

Key consumer sentiment gauge plunges amid concern over Trump trade wars

Politico  

The sentiment numbers are the latest sign of worry caused by Trump’s trade wars alongside sustained drops in the stock market as investors react to the fallout from higher tariffs on China, Mexico and Canada, and on steel and aluminum from U.S. allies. Treasury Secretary Scott Bessent dismissed concern about the stock market, saying the administration is more concerned with …

Is Trump taking a ‘liquidationist’ approach to the economy?
2 weeks, 2 days ago

Is Trump taking a ‘liquidationist’ approach to the economy?

Live Mint  

During President Trump’s first term, stocks rode high on the belief that he would always pull back on policies that led to a selloff. Indeed, such views edge close to the “liquidationist" approach historically espoused by laissez-faire economists, and most infamously associated with former President Herbert Hoover’s Treasury secretary who advised him to let the economy fall. Trump and his …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 3 days ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

It’ll be tough for Trump to dig his way out of this one
Trending News
2 weeks, 3 days ago

It’ll be tough for Trump to dig his way out of this one

CNN  

CNN — With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out. Trump has been provided with multiple escape routes and off-ramps: His advisers and economic brain trust, including Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and National Economic Council Director Kevin Hassett …

Explainer: What’s a recession and why is rising anxiety about it roiling markets?
2 weeks, 3 days ago

Explainer: What’s a recession and why is rising anxiety about it roiling markets?

Associated Press  

WASHINGTON — Stock markets are plunging, consumers and businesses have started to sour on the economy, and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession. Dan North, senior economist at Allianz Trade Americas, a financial services firm, doesn’t expect a recession, but says a “full-blown trade war” with all …

Why China isn’t as worried about Trump’s trade war as in 2018
2 weeks, 4 days ago

Why China isn’t as worried about Trump’s trade war as in 2018

Al Jazeera  

Beijing is much better positioned to withstand US tariffs than in the past, analysts say. “I don’t want to understate the impact – that’s almost a tripling of the effective tariff rates for Chinese goods that are coming into the United States, so it’s big,” Beddor told Al Jazeera. At the “Two Sessions” meetings last week in Beijing, the National …

Trump pushing US into 'totally unnecessary' recession and he 'will own it': Dem operative
2 weeks, 4 days ago

Trump pushing US into 'totally unnecessary' recession and he 'will own it': Dem operative

Raw Story  

Rahm Emanuel, former ambassador to Japan, said on CNN Monday that Trump's disastrous lack of diplomacy with Canada is plunging the U.S. toward a "totally unnecessary" recession, while stoking anti-American sentiment around the world. He added that to the thing to watch is "both what's happening to the Liberal Party in Canada that's been revived because of Donald Trump and …

Recession ahead? Why the US economy is on shaky ground under Trump
2 weeks, 4 days ago

Recession ahead? Why the US economy is on shaky ground under Trump

Firstpost  

The US economy is facing growing recession fears as key indicators signal trouble ahead. There’s going to be no recession in America.” Lutnick also defended Trump’s aggressive trade policies, arguing that they would ultimately benefit the US economy by “unleashing American wealth across the world.” What role do tariffs and spending cuts play? Goldman Sachs recently raised its recession probability …

Trump won’t rule out potential recession this year
2 weeks, 4 days ago

Trump won’t rule out potential recession this year

Live Mint  

President Donald Trump said Americans should expect “a little disturbance" from his tariffs and trade policies and he wouldn’t rule out the potential for a recession this year. “I hate to predict things like that," Trump told Fox News’ Sunday Morning Futures. Lutnick said Trump’s reciprocal tariffs will ultimately drive down prices and lead to an economic boom for the …

China readies for trade tensions with U.S.; won’t negotiate from weakness
2 weeks, 4 days ago

China readies for trade tensions with U.S.; won’t negotiate from weakness

The Hindu  

The leaders of both Canada and Mexico got on the phone with U.S. President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s President appears unlikely to make a similar call soon. China’s leaders say they are open to talks, but they also made preparations for the higher U.S. tariffs, which have …

'I Hate To Predict Things': Trump On Whether US Will Face Recession This Year
2 weeks, 4 days ago

'I Hate To Predict Things': Trump On Whether US Will Face Recession This Year

ABP News  

US President Donald Trump declined to predict whether the country could face a recession this year amid stock market concerns about his recent tariff actions on Mexico, Canada and China. “April 2nd, it becomes all reciprocal,” Trump said, “What they charge us, we charge them.” AFP reported that when asked later on Sunday to clarify his remarks on whether there …

Is US heading to a recession? Trump avoids answering, says 'what we're doing is very big'
2 weeks, 5 days ago

Is US heading to a recession? Trump avoids answering, says 'what we're doing is very big'

Firstpost  

The Trump trade policies have raised fears of trade wars that could slam economic growth and raise prices for Americans still smarting from years of high inflation U.S. President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C. “There’s going to be …

Trump declines to rule out US recession as tariffs spook investors
2 weeks, 5 days ago

Trump declines to rule out US recession as tariffs spook investors

Al Jazeera  

US president says economy is in a “period of transition” amid uncertainty over his trade policies. United States President Donald Trump has declined to rule out the possibility that the world’s largest economy is headed for a recession amid market concerns over his “America First” economic agenda. “It takes a little time, but I think it should be great for …

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
2 weeks, 5 days ago

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices

Live Mint  

WEST PALM BEACH, Fla. — President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn't ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent …

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices
Top News
2 weeks, 5 days ago

Trump downplays business concerns about uncertainty from his tariffs and prospect of higher prices

Associated Press  

WEST PALM BEACH, Fla. — President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent …

Growing Fear Of 'Trump Recession' Amid Tariff Whiplash And DOGE Chaos
2 weeks, 6 days ago

Growing Fear Of 'Trump Recession' Amid Tariff Whiplash And DOGE Chaos

Huff Post  

President Donald Trump delivers remarks in the Oval Office of the White House in Washington, Friday, March 7, 2025. via Associated Press WASHINGTON — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. “Ongoing policy turbulence and a tariff …

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending
Trending News
2 weeks, 6 days ago

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending

Associated Press  

WASHINGTON — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. In an interview to air Sunday on Fox News’ “Sunday Morning Futures,” Trump was pressed to provide some clarity on his tariffs agenda that has caused uncertainty to …

Trump's Erratic Trade Policies Are Baffling Businesses, Threatening Investment And Economic Growth
3 weeks ago

Trump's Erratic Trade Policies Are Baffling Businesses, Threatening Investment And Economic Growth

Huff Post  

Workers harvest cabbage Wednesday, March 5, 2025, on a field less than ten miles from the border with Mexico, in Holtville, Calif. via Associated Press WASHINGTON — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois is getting ready to introduce a fancy ergonomic chair designed to reduce customers’ back pain and boost their productivity. “Past trade …

Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth
3 weeks, 1 day ago

Trump’s erratic trade policies are baffling businesses, threatening investment and economic growth

Associated Press  

WASHINGTON — Marc Rosenberg, founder and CEO of The Edge Desk in Deerfield, Illinois is getting ready to introduce a fancy ergonomic chair designed to reduce customers’ back pain and boost their productivity. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Rosenberg and his ergonomic furniture, meanwhile, are contending with a 20% tariff on imports …

China slams U.S. tariffs, says its economy is resilient but there are no winners in a trade war
Trending News
3 weeks, 1 day ago

China slams U.S. tariffs, says its economy is resilient but there are no winners in a trade war

The Hindu  

China will not yield to bullying, and its economy can weather higher tariffs imposed by U.S. President Donald Trump and other challenges, the Chinese commerce minister said Thursday, though he added that there are “no winners in a trade war." China’s determination to defend its own interests is unswerving," Mr. Wang said, adding that “there are no winners in a …

Trump wants US to make more, Xi wants China to spend more: Both aim to tame headwinds
3 weeks, 1 day ago

Trump wants US to make more, Xi wants China to spend more: Both aim to tame headwinds

Firstpost  

The Chinese economy has always been exports-driven, with less reliance on domestic consumption. For instance, consumption accounts of just 40 per cent of China’s GDP; whereas the figure hovers near 50 to 70 per cent in developed economies worldwide China over the past decades became ‘the factory’ of the world and a giant economy by selling goods worth hundreds of …

China slams US tariffs, says its economy is resilient but there are no winners in a trade war
3 weeks, 1 day ago

China slams US tariffs, says its economy is resilient but there are no winners in a trade war

Associated Press  

China will not yield to bullying and its economy can weather higher tariffs imposed by U.S. President Donald Trump and other challenges, the Chinese commerce minister said Thursday, though he added that there are “no winners in a trade war.” Speaking on the sidelines of the annual session of China’s national congress, Wang Wentao reiterated Beijing’s calls for talks. China’s …

US hurtling towards recession, warns financial analyst Jesse Colombo amid uncertainty over Trump tariffs
3 weeks, 1 day ago

US hurtling towards recession, warns financial analyst Jesse Colombo amid uncertainty over Trump tariffs

Firstpost  

With GDP estimates turning negative, consumer spending slowing, and market indicators pointing to a downturn, fears of a US recession in 2025 are intensifying A US-based analyst has predicted that US is heading towards a recession. Analyst Jesse Colombo, who previously predicted economic trouble in December, said the downturn was evident long before President Donald Trump’s election victory in November. …

China is secretly worried Trump will win on trade
Trending News
3 weeks, 1 day ago

China is secretly worried Trump will win on trade

Live Mint  

Soon after Donald Trump won the presidential election in November, Xi Jinping asked his aides to urgently analyze the Cold War rivalry between the United States and the Soviet Union. His concern, according to people who consult with senior Chinese officials, was that as President Trump gears up for a showdown with Beijing, China could get isolated like Moscow during …

Trump turns up the heat. China says bring it on.
3 weeks, 2 days ago

Trump turns up the heat. China says bring it on.

Live Mint  

BEIJING : As President Trump ratchets up the political and economic pressure on China, Beijing has responded with a clear message: China will resist U.S. efforts to constrain its rise. Beijing sent a similar, albeit more calibrated message, at the opening of China’s annual legislative session on Wednesday, where it set an ambitious goal to expand its economy by around …

'Recession is actually good': Trump critics predict how he'll spin falling economy
3 weeks, 3 days ago

'Recession is actually good': Trump critics predict how he'll spin falling economy

Raw Story  

President Donald Trump will deliver an address to Congress on Tuesday evening at the same time that economists are predicting his economic moves are making it more likely that the U.S. is headed toward a recession. Washington Post economics columnist Heather Long wrote on X, "Trump is steering the economy toward a recession with these massive tariffs and swift government …

How economists would enact Trump’s trade goals. Hint: not like this.
3 weeks, 3 days ago

How economists would enact Trump’s trade goals. Hint: not like this.

Live Mint  

With tariffs poised to take effect on Tuesday on products from Canada and Mexico, plus threats of levies on imports from the European Union, one thing is clear: President Donald Trump likes the number 25. “There’s nothing magical, useful, or relevant about the number 25%," University of Michigan professor of public policy and economics Justin Wolfers tells Barron’s. Michael Klein, …

Trump’s new tariffs are set to be his most extreme ever
3 weeks, 4 days ago

Trump’s new tariffs are set to be his most extreme ever

Live Mint  

He has actually gone and done it. President Donald Trump had long threatened to impose hefty tariffs on Canada and Mexico, America’s two biggest trading partners. Contrary to Mr Trump’s belief that tariffs generate lots of revenue, those on Canada, China and Mexico will probably bring in little more than $100bn a year for the federal government, or about 2% …

China defies Trump’s trade war by setting ambitious 5% growth target, vows to ‘prevail over any difficulty’
3 weeks, 4 days ago

China defies Trump’s trade war by setting ambitious 5% growth target, vows to ‘prevail over any difficulty’

CNN  

Beijing/Hong Kong CNN — China has set an ambitious target of “around 5%” growth for 2025, in a defiant show of confidence as it braces for the fallout from escalating American tariffs on its export-driven economy. “The giant ship of China’s economy will continue to cleave the waves and sail steadily toward the future.” Li did not directly address the …

China defies Trump’s trade war by setting ambitious 5% growth target, vows to ‘prevail over any difficulty’
3 weeks, 4 days ago

China defies Trump’s trade war by setting ambitious 5% growth target, vows to ‘prevail over any difficulty’

CNN  

Beijing/Hong Kong CNN — China has set an ambitious target of “around 5%” growth for 2025, in a defiant show of confidence as it braces for the fallout from escalating American tariffs on its export-driven economy. “The giant ship of China’s economy will continue to cleave the waves and sail steadily toward the future.” Li did not directly address the …

'Recession is coming': Critics outraged as Trump vows steep tariffs imminent
3 weeks, 4 days ago

'Recession is coming': Critics outraged as Trump vows steep tariffs imminent

Raw Story  

President Donald Trump says he's done delaying the massive tariffs he planned to enact on America's neighbors, telling reporters Monday: "No room left for Mexico or for Canada. "You can watch the stock market tank in the bottom corner of Fox's broadcast as Trump talks about tariffs," wrote independent journalist Aaron Rupar. "Trump just made a new announcement about tariffs …

Trump’s tariff tactics carry higher economic risks than during his first term
3 weeks, 4 days ago

Trump’s tariff tactics carry higher economic risks than during his first term

Associated Press  

WASHINGTON — When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. “That tamped down the impact.’’ This time, by contrast, the tariffs are across the board – …

China eyeing U.S. farm exports for retaliation, report says, as importers rush to beat tariffs
3 weeks, 4 days ago

China eyeing U.S. farm exports for retaliation, report says, as importers rush to beat tariffs

The Hindu  

Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher U.S. tariffs imposed by President Donald Trump, as a Chinese state media report said that Beijing was considering ways to retaliate. The Global Times, a newspaper of China's ruling Communist Party, said Monday that Beijing was studying both tariffs and non-tariff moves to counter Trump's …

China eyeing U.S. farm exports for retaliation, report says, as importers rush to beat tariffs
3 weeks, 4 days ago

China eyeing U.S. farm exports for retaliation, report says, as importers rush to beat tariffs

Associated Press  

BANGKOK — Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher U.S. tariffs imposed by President Donald Trump, as a Chinese state media report said that Beijing was considering ways to retaliate. The Global Times, a newspaper of China’s ruling Communist Party, said Monday that Beijing was studying both tariffs and non-tariff moves to …

China’s ‘two sessions’: Beijing vows to ‘fight till the end’ as Trump escalates trade war
3 weeks, 5 days ago

China’s ‘two sessions’: Beijing vows to ‘fight till the end’ as Trump escalates trade war

CNN  

Beijing CNN — China has vowed to “fight till the end” after US President Donald Trump escalated his trade war by doubling tariffs on all Chinese imports to 20%. “If the US insists on waging a tariff war, trade war, or any other kind of war, China will fight till the end.” The barrage of retaliatory measures and fiery exchanges …

Rebutting Trump: China’s Retaliatory Tariffs
3 weeks, 6 days ago

Rebutting Trump: China’s Retaliatory Tariffs

The Diplomat  

On February 1, 2025, U.S. President Donald Trump declared that all imports from China would be subject to a new 10 percent tariff, citing concerns such as fentanyl trafficking and intellectual property theft. This unilateral tariff increase came on top of existing tariffs on China, making another chapter in the ongoing trade war between the world’s two largest economies. The …

Trump administration targets China with new trade and investment restrictions
1 month ago

Trump administration targets China with new trade and investment restrictions

Hindustan Times  

The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival. The Trump administration targeted China with a number of trade, investment, and other policies that increase the likelihood that relations between the US and its main …

Trade deal ‘possible’ with China: Trump
1 month, 1 week ago

Trade deal ‘possible’ with China: Trump

The Hindu  

U.S. President Donald Trump suggested on Wednesday that a trade deal was “possible” with China — a key target in the U.S. leader’s tariffs policy. In 2020, the U.S. had already agreed to “a great trade deal with China” and a new deal was “possible”, Mr. Trump told reporters aboard Air Force One. One month into his second term in …

How Trump's tariffs on China delivered a 'double-whammy' to Temu and Shein
1 month, 3 weeks ago

How Trump's tariffs on China delivered a 'double-whammy' to Temu and Shein

ABC  

It was always a matter of when, not if, Donald Trump would introduce a fresh set of tariffs on his return to the White House. At the time, the Biden administration said the actions were about addressing the "significant increased abuse of the de minimis exemption", with a focus on Chinese-founded e-commerce platforms, such as Shein and Temu. A day …

Trump Is Pushing the World Right Into China’s Arms
55 years, 2 months ago

Trump Is Pushing the World Right Into China’s Arms

Slate  

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. The social democratic premier of British Columbia said his province would stop buying alcohol from Republican-dominated states ; the Conservative premier of Ontario threatened to rip up the province’s contract with Starlink, the satellite internet service from Elon Musk’s …

China has given Trump 6 days to avoid trade war but he is in no hurry to meet Xi
1 month, 3 weeks ago

China has given Trump 6 days to avoid trade war but he is in no hurry to meet Xi

Firstpost  

Earlier this week, in a tit-for-tat move, Beijing said it would implement a 15 per cent tariff on coal and liquefied natural gas products along with a 10 per cent tariff on crude oil US President Donald Trump and his Chinese counterpart Xi Jinping are going back and forth on imposing tariffs. Earlier this week, in a tit-for-tat move, Beijing …

China has given Trump 6 days to avoid trade war but he is in no hurry to meet Xi
1 month, 3 weeks ago

China has given Trump 6 days to avoid trade war but he is in no hurry to meet Xi

Firstpost  

Earlier this week, in a tit-for-tat move, Beijing said it would implement a 15 per cent tariff on coal and liquefied natural gas products along with a 10 per cent tariff on crude oil US President Donald Trump and Chinese President Xi Jinping in Beijing in 2017. File image/AP US President Donald Trump and his Chinese counterpart Xi Jinping are …

What do Trump’s first weeks tell us about his China strategy?
1 month, 3 weeks ago

What do Trump’s first weeks tell us about his China strategy?

Live Mint  

China is a theme in President Trump’s first weeks in the White House, factoring into over a third of the more than 80 executive orders and key actions he has signed so far. “He’s less ideologically driven," said Henry Huiyao Wang, founder and president of the Center for China and Globalization, a Beijing think tank. He points to Trump’s order …

Trump’s tariff tactics carry higher economic risks than during his first term
1 month, 3 weeks ago

Trump’s tariff tactics carry higher economic risks than during his first term

Associated Press  

WASHINGTON — When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. During Trump’s first term, his trade team carefully focused its tariff hit list to avoid or …

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