The confidence that international and U.S. businesses had in President Donald Trump’s economic policies has dropped rapidly because of his protectionist trade policies, according to analysts from Fidelity International.
President Donald Trump speaks to the media before departing from the White House on March 8, 2019 in Washington, D.C. Mark Wilson/Getty Images “Not surprisingly, the United States experiences the largest decline in real imports of goods and services. Compared with the baseline level, real U.S. imports fall 4.5 percent in 2020. Due to the high import content of its exports, China also experiences a significant drop in real imports, which fall 3.2 percent below the baseline in 2020,” the report continued.
There is no winner in trade war Donald got it wrong
Trump’s voters should be happy! Terrible President is wrecking everything!
War will not bears winners in trade and economy but negotiations will. Wide ranging team of negotiation is urgently needed from both side.
Of course business doesnt like tariffs to protect our workers. The greedy transnational corpirations would prefer to pay a serf in Bangladesh $2 a day to produce toxic dreck full of cadmium & lead paint.
Trump is destroying the economy. Businesses fear he will impose national emergencies to seize their bank accounts and assets. Money is no longer safe in the US.