Even President Trump has acknowledged that his pugnacious economic agenda is looking increasingly risky. Asked on Fox News this weekend if he expected a recession this year8888k, he allowed only, “I hate to predict things like that.”
That dodge comes as his trade war continues to escalate and companies warn that his steep government cuts and immigration crackdown may cost them financially. The question is: Will the president stick with his plans?
The latest: Beijing has begun imposing tariffs on U.S. agricultural goods — including key exports like chicken, wheat, soybeans and pork — as well as blocking or limiting some American companies’ access to the Chinese market.
Stock futures are pointing to another rough market open. Last week, the S&P 500 suffered its worst one-week fall in six months.
China’s tariffs may actually take a while to kick in, but they represent the latest consequences of a battle that Trump has actively sought. Meanwhile, Canada’s new leader has promised to fight back, including by supporting retaliatory tariffs. (More on that below.) For now, Mexico is holding off on similar counterpunches, but its president,ijogo cassino Claudia Sheinbaum, said on Sunday that she would act if need be.
The outlook for tariffs looks cloudy. While Trump abruptly gave Canada and Mexico a reprieve late last week, he is set to impose a 25 percent tariff on steel and aluminum imports starting Wednesday, and more levies next month.
We are having trouble retrieving the article content.
Please enable JavaScript in your browser settings.
Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.
Thank you for your patience while we verify access.
Already a subscriber? Log in.
pgjoia777Want all of The Times? Subscribe.
Now, one of these groups — the 65 Project — is taking a more proactive approach. Starting on Thursday, the group’s organizers are planning to run advertisements in legal journals published in swing states, reminding lawyers that they are ethically barred from bringing false claims on behalf of any client.
Suddenly there is no denying the shaking8888k, the rattling, the swaying — and one’s memory is jogged: Folded into the landscape, forever and always, is a force that no one can predict.