Trump needs a deal more than China does. If the economy craps out in the next 8 months he loses the election, a shamed 1-term rejectoid. China doesn’t care if their people starve in the streets.
I don’t understand why Trump “needs a deal?” China trade is a very small part of overall USA GDP. Yes, the stock market could get a nice short-term boost from headlines, but the incidence of a future recession in the USA has almost nothing to do with China.
Re-orienting trade with China is a long-term, strategic project. We know China is a mercantilist country that plans trade to simply gain intellectual property, technology and to boost its own interests. Trump has finally forced America to recognize this, but its been a situation 40 years in the making, and fixing it will take many years.
“Trump needs a deal more than China does”
Absolutely not. The Communist Party in China could lose its grip on the people if they lose our market. They need us to the point that they could collapse without our consumer markets buying their cheap shite.
Also the PMI index today was a big upward number as well as ADP jobs index, we are not even close to a recession.
If the Fed gets its act together...we may not see a recession for 4-5 years. Manufacturing is only about 15% of our GDP...a downtrend exists there, but even without rate cuts we wont hit a recession for at least another 2-3 years.
Rates will get cut.
Trump wins.
If you asked economists from the EU, S. Korea, Japan, Vietnam, India, China or Taiwan whether the protectionist tariffs, tariffs all of them use against the USA’s imports to their respective nations, were beneficial to their countries economy and in general a great thing, what would they tell you?
Myths are perpetuated by the intellectually lazy.
I think you’re forgetting about the billions & billions of dollars that are being added to our treasury via the China tariffs, which will be used to offset any downward pressure on the economy. Trump knows what he’s doing, probably better than anyone.