WASHINGTON – U.S. business economists are concerned about the risks of some of President Donald Trump’s economic policies, saying they fear his tariffs and higher budget deficits could eventually slow the economy.
More than 90 percent of economists surveyed by the National Association for Business Economics (NABE) in a report being released Monday said they think the Trump administration’s current and threatened tariffs will harm the U.S. economy.
The administration has imposed tariffs on goods from many of America’s main trading partners — from China and Europe to Mexico and Canada. Trump officials argue that the tariffs, which are taxes on imports, will help the administration gain more favorable terms of trade. But so far, U.S. trading partners have simply retaliated with tariffs of their own.
AND . . . Why is there serious unemployment in the USA? Why are their former industrial cities rusting away? Not because of cheap imports from exporters like Turkey, but because of the greed of US industrialists who chose to move their factories offshore to exploit cheap Third World labour. The Big DT should realise that the United States’ “One Percent” have no loyalty to their own flag, country and people – their only interest is increasing their profit margin.