Trump is Trading in Misconceptions

Trump is Trading in Misconceptions

Let the United States isolate itself behind tariff walls. It is free to do so, damaging as it is. It is my hope we will not choose not to copy it

The U.S. Central Bank's investigation reveals that Americans spend less and reduce their travel since customs duties came into effect.

The Federal Reserve's Beige Book points out that “consumer expenses, with the exception of the automobile, were lower overall” and that tourism and business trips are also down.

Washington. Less spending, travel and tourists, but also fewer hirings. The impact of the trade war initiated by President Donald Trump extends even within the United States, according to a Federal Reserve (Fed) poll published on Wednesday. “The prospects in several regions worsened considerably as economic uncertainty increases, particularly around tariffs,” said the Fed’s “Book Beige” poll, which regularly consults economic actors and experts …

Donald Trump's protectionist policy wreaks havoc on the world's first economy, whose health is largely based on household consumption, which is now in the dark.

Since Donald Trump's incursion into politics, China's trade relationship with the United States has cooled to such an extent that since 2016 it has grown less than 5 percent and the Asian giant has moved from its main partner with about 16 percent of its global trade to third place, with less than 10 percent.