Some experts are less sanguine, saying investors have been viewing the trade war through rose-colored glasses. “Markets have been far too complacent in the whole treatment of this trade war,” said Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics. “I think they’re also greatly underestimating the longer-run effects of this trade war,” he said.
On those grounds, some economists argue that the tariffs almost certainly will be suspended or delayed — the economic fallout would be too great to risk. In addition to pinching household budgets and reducing consumer spending power, more tariffs could hurt American job growth, as well. Zandi estimated that the trade war thus far has probably cost the labor market around 40,000 jobs each month. “It’s obvious in manufacturing,” he said, adding that more tariffs could accelerate job losses.writing in a pair of tweets,
But economists say trade policy, not monetary policy, is the hurdle facing American manufacturing, which dropped for the fourth month in a row, according toreleased Monday from the Institute for Supply Management. “Global trade remains the most significant cross-industry issue,” Timothy Fiore, chair of the ISM’s Manufacturing Business Survey Committee, said in a statement.
How bout now-(drake voice)
Morning_Joe HillBeverlyhill jodotcom RealAssTalkNow Trump will remain quiet about the markets. The rise in markets don’t equate to job creation. Unless there is capital investments. What has been happening is stock buy backs.
We are under 2% from all time highs. This headline is pretty hilarious
I’m sure they will follow up with the big bounce back, right? Cause it’s coming right back.
Morning_Joe Captain Chaos strikes again.
Meh the market will go up again.
Because Congress wanted to bitch about HK blame them.
Fake news
Did you credit him when they went up?
Do we need China? They represent .08 of our trade
More stock manipulation!
Liberals are happy to report on the stock market any time it goes down.
Hmmm, some people are always coming up with the next conspiracy. When are you NBC, going to do your damn job and tell the damn truth about your lying dem buddies ? You have repeatedly lied and mislead the American people ! Real Americans know the truth ! Report it !
Good job Trump-No trade deal EVER...choke their military and destroy their economy so they have no way to wage war...China is EVIL-if we destroy them this way-we never have to go to war with them-its very simple and the tactic is brilliant
Distracted66 I swear this is on purpose to make money.😡 if only we could prove it.
Expected after signing the Hong Kong bill. China needs a couple of weeks to cool off.
FUD. When those in power spread Fear, Uncertainty & Doubt = BUY/BULLISH. They are buying behind the scenes while they tell you to sell.
Morning_Joe I'm sure Trump supporters with the big bucks will start dumping money back into it to level it back out, god forbid the people see a drop in stocks 🙄
TariffMan StableGenius
Time to buy in then.
He's just pushing China's buttons. China is hurting more than us. Now is the time to reign in China and stop the IP theft and jobs moving there. It's a negotiating strategy. Our stock market and economy are doing well. This is the time to fix unfair trade.
MeetThePress he never had a deal to begin with... as long as he giving farmers welfare he figures hes covered... while the national debt goes stratospheric on his watch
Does the man ever have a lucid moment?
One year ago
This guy has no plan other than create more tariffs that hurt American small businesses and consumers
Proves the point...
China is waiting to see if Democrats can steal the 2020 election. They'd prefer to pay off Biden family than deal with Trump.
Morning_Joe You can't get a deal done before the election that makes him look good so now he's going to promise it if he gets re-elected. Typical trumps.
Good. China is asshole.
MeetThePress Times up! kamilaharris2020 99%
Morning_Joe another hit to our 401k's....this President wants us to be as miserable as he is and he'll stop at nothing to make sure we go down with him.....thanks MoscowMitch, Lindsey Graham, Gym Jordan for letting this repulsive old white rich guy steal our dreams day in and day out.
I heard that the current stock market is good only because of Obama. So that must mean that stocks sinking are also because of him. Or does he only get credit for the good and none of the blame for the bad?
Morning_Joe In other words, the trade treaty with China is just about as close to being reality as the POtuS FABULOUS Healthcare Plan.
Morning_Joe They need to quit this 'Trump making a deal with China' malarkey!
WTP support that...by the way nbc is FAKENEWS!!!
Trump wants a recession so he could buy cheap property! With Russia money!
Morning_Joe Kelly,Kelly,your not blaming Biden for the stock market.
Well it wouldn't be very helpful to tell them you're in a hurry to get done before the election.
People, how many times have we been told China is eager to make a deal? Can we believe Trump?
Tomorrow he'll announce that the deal with China has been made. He’s a pathological liar. Remember this? Trump says China will buy $50 billion a year of U.S. agriculture. That’s not what China says.
Not before he told all of his friends to sell
Good! No more deals with genocidal countries.
Morning_Joe Trump never had a deal.
HUH
Morning_Joe Farmers how is that for a Kick in the Ass. Had enough bankruptcy, Suicides, lost farms to big Farm Corporations. China has & will solidify markets that you probably will never get back. If you want markets, & really want to go back to work then Vote Democrats IN & Trump & GOP OUT
Morning_Joe He's in Europe bashing DEMS. In USA we can't bash him, it's bad form while he's off continent. Why? Ugh
Morning_Joe He’s brilliant said nobody ... EVER!
Morning_Joe Another insider trading for the trump douchebags!
Idiot.
Morning_Joe
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