Will Trump plunge us into recession, or is it too late already?In a bid to look good to voters Trump is trying to make himself look good by trying to get a better deal for Americans. He slapped a 25% tariff on steel and a 10% tariff on aluminum, only to remove it later. The American steel and aluminum industry benefited by increasing prices on their products. They had no plans to build new facilities or to open old shuttered facilities to create American jobs. Only to have the tariffs removed later.
Will Trump plunge us into recession, or is it too late already. Trump has place tarrifs on $200 Billion on goods made in China. On September 1, $361 billion worth of Chinese products will face tariffs. Will Trump blink and back off.
https://www.youtube.com/watch?v=QC5VUE6xnLs
This has been covered in the media over the years and I have said this numerous times and fully believe this. China has adopted a policy not to lose to the USA in the communications sector. All of this is stemming from the 5G technology that Huawei has and the American communications companies don't. China will not back down and as Trump has proved time and time again he will, so eventually he will cave and he will sell it to his mostly brainwashed and uneducated fool of a base as a win for Trumpistas. But facts show otherwise for eg farmers have been bailed out in the tune of $28Bln and the economy has slowed down it's growth.
Trump's presidency will leave a negative affect on future trade deals with the USA as the American's have been shown to be untrustworthy partners eg (NAFTA, Iran nuclear deal, TPP, Paris climate agreement). He's done nothing but to alienate allies and nations that have tried to work with the USA.