"It could, it could," Payne cautioned."I mean, we'll see. A lot of people are hoping that maybe the backchannels [between U.S. and Chinese negotiators] are being used right now," the financial expert added.to escalate his trade war with China, which has now gone on for more than a year, by adding 10 percent tariffs on $300 billion more of Chinese imports on the first of next month.
Chinese President Xi Jinping and President Donald Trump attend a bilateral meeting on the sidelines of the G20 Summit in Osaka, Japan on June 29"What's really different about this next round of President Trump's tariffs is that they mostly hit goods bought by American consumers," Chad Brown, a trade policy expert at the Peterson Institute for International Economics , said.
The president has repeatedly claimed inaccurately that the cost of the trade war is being paid by the Chinese. Despite what Trump says, tariffs are paid by U.S. importers when the products arrive in the country. Those costs are then often passed on to consumers or businesses that purchase the products.
The National Bureau of Economic Research published a report this spring, which examined data surrounding the impact of Trump's tariffs. That analysis found that the costs of the new import taxes were nearly
bullshit
Well the alarm bells for a US recession have been ringing for a while because of realDonaldTrump's financial mismanagement of the US economy so I suppose it's about time that FoxNews pointed this out too.
Masky_Jay_Hoody Hogwash!
Yea, let him run on that economy Election2020 fakepresident IllegitimatePresident
Make America regret again ... yes, without an A.
You can never rule this out
Can't say it's not his goal. 🤔
Fox Business host says Donald Trump's China tariffs 'should' breed a global recession
They will
😡
And as a bonus, since Trump took office the National Debt has increased $2.367 trillion. The bill is coming due...
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What Trump is good for, killing off businesses.