Something funny happened on the way to the major and widespread economic pain America was supposed to suffer from because of the trade war with China. It didn't happen, writes Jake Novak.
None of this means the U.S. is "winning" the trade war with China. Free market purists who insist that no one really wins a tariff and protectionism battle remain technically correct. But it does mean that the U.S. is proving something more relevant right now than economic theory: the American economy is clearly more durable than most experts gave it credit for.
The dwindling recession fears also lessen the chances that President Trump will suddenly agree to a less favorable deal just to get a boost in the polls. Based on the polling data we've seen for this president since the trade dispute began, relations with China don't seem to have much of an effect.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
November Outlook: From Jobs To Fed To China, This Month Has It AllInvestors might have a good sense of how November went for the market long before their first helpings of turkey and stuffing.
Lire la suite »
US-China trade talks to go on despite uncertainty on where Trump, Xi can meetChina's Ministry of Commerce says negotiators from the U.S. and China will hold trade talks on the phone on Friday.
Lire la suite »
Trump says U.S., China working to pick new site to sign 'Phase One' trade dealThe U.S. and China are working to select a new site for signing 'Phase One' of a trade agreement, President Donald Trump said Thursday in a tweet....
Lire la suite »
Weeks after trade announcement, China has still not confirmed the farm purchases Trump promisedWeeks after the agreement was announced, the second-largest economy has still not confirmed the agricultural quotas the White House touted.
Lire la suite »
Trump says U.S., China to announce new venue to ink trade deal soonChile’s cancellation of the APEC summit is the latest roadblock to a U.S.-China deal. The summit is where President Donald Trump had hoped to sign the first phase of a trade pact with Xi Jinping
Lire la suite »