Donald Trump seems to see some correlation between the U.S. economy and his innocence in the impeachment trial. As a result, he keeps returning to what he saw as his accomplishments. Others indicate that POTUS tends to create a conflict. Then he cleans it up and reserves credit for doing so.
The president tweeted he was headed out to Austin, Texas. Then, POTUS claimed farmers “Hit ‘Paydirt'” based upon Trump’s “incredible new trade deals” all across the globe:
”I will be going to Austin, Texas. Leaving soon. Always like (love!) being in the Lone Star State. Speaking to our great Farmers. They hit “paydirt” with our incredible new Trade Deals: CHINA, JAPAN, MEXICO, CANADA, SOUTH KOREA, and many others!’
Treasury Secretary Steven Mnuchin said Wednesday on CNBC, that Trump had the United States-Mexico-Canada Agreement, the China deal, and those with Japan and Korea in the work, according to The New York Times:
‘We now have U.S.M.C.A.; that’s going to pass the Senate this week. We have China Phase 1, there is a deal with Japan, a deal with Korea. These are all going to have significant positive effects on the 2020 economy.”
Chief U.S. Economist for High Frequency Economics Rubeela Farooqi said that she thought she expects the nation’s economy would grow by 1.8 percent this year:
‘I have not changed my forecast as of yet and don’t expect to materially. China is a step in the right direction, but tariffs remain in place, and I’m not sure they will be rolled back imminently.’
Senior U.S. Economist at Capital Economics Andrew Hunter wrote this about investment plans in a research note:
‘The gap that opened up last year between investment and corporate profits suggests that tariff uncertainty has caused firms to delay. With the U.S.M.C.A. deal signed and the threat of further tariffs on Chinese goods seemingly off the table, that drag should now be fading.’
Senior Fellow at the Peterson Institute for International Economics Mary Lovely said:
‘(The Phase 1 agreement was) good news for the U.S. and the world econom. There remains considerable uncertainly for businesses using China as a platform for products destined for the U.S. market, and we will continue to see the impact of this in slower investment and higher business costs.’
Chief U.S. Economist at Nomura Lewis Alexander said:
‘Yes, there is some upside risk to our outlook if things go better than we expect. But in general the direct effects of tariff changes are not large, and to really change the tone, a lot of things about the U.S.-China relationship would have to be settled in a way that seemed durable. It’s hard to see how that could be achieved in an election year.’
President Trump signed a limited trade agreement with China at the White House on Wednesday. The following responses to the news were surprising. Check them out below:
The Mueller Report Adventures: In Bite-Sizes on this Facebook page. These quick, two-minute reads interpret the report in normal English for busy people. Mueller Bite-Sizes uncovers what is essentially a compelling spy mystery. Interestingly enough, Mueller Bite-Sizes can be read in any order.