Trumps only winning hand in 2020 is a strong economy. Most presidents win re-election easily with such an economy
The trade war will not be popular since the costs get picked up by the American consumer
The trade wars are highly popular with American workers, Trump is bitch slapping the left.
Tell that bullshit to the farmers part of his base
Still waiting for your alternative...got nothing? Thought so.
Good work blues
- 29% of consumer goods Americans get from China are currently subject to tariffs. Tomorrow, that’ll spike to 69%, per the AP.
- Once increased tariffs on more Chinese goods go into effect on Dec. 15, almost all consumer goods we buy from China will be staring down tariffs.
Business groups are having a tough time swallowing this
The CEO of the U.S. Chamber of Commerce: "The
current path of constant escalation doesn’t increase the likelihood of a deal; it risks a recession here at home."
Footwear Distributors and Retailers of America: "Brands have already said tariffs will
dent job growth and shoe stores are saying it's a job killer."
Director of the University of Michigan survey on consumer sentiment:"The
recent decline is due to negative references to tariffs, which were spontaneously mentioned by one in three consumers."
President Trump’s response:
@realDonaldTrump
Bottom line: Loyal Brew readers know that consumers have been powering the U.S. economy. But it’s clear that after this latest round of tariffs, retailers will have no choice but to raise prices on some goods. The question now is what happens when an unstoppable economic force meets an immovable tariff object?