Despite President Trump’s punitive tariffs on Chinese imports to the U.S., American businesses seem bullish on China, with profits up, and few interested in moving manufacturing out of the People’s Republic. But Bill Whittle sees trouble down the road for China’s long-running economic surge.
While President Trump says the economy is great, and the coming Chinese trade deal will be great, White House talk of a payroll tax cut lends credence to the media’s recession narrative. Democrats running for president in 2020 would love to neuter the incumbent’s best campaign issue. Could Trump turn the tide by lifting the punitive tariffs against China to boost the economy and bring much-needed relief to U.S. farmers?