Saturday, October 19, 2019

Trump - " very good for our Country by using Trump National Doral"

It's a predictable trend. Trump has no moral compass whatever, nor any appreciation of the consequences of his actions. As the IMF’s gathering of 189 member-nations drew to a close last week, the negative impacts of Trump's trade wars were being made clear, IMF Managing Director Kristalina Georgieva stated the obvious. “Everybody loses.” The US, the world’s largest importer, started a bitter tariff war with China 15 months ago. Trump is also in the midst of 'renegotiating', and upending, trade relationships with many of America's top trading partners.

The fallout will slow global growth in 2019 to 3% according to the IMF, the slowest pace in a decade. The pain is not evenly spread. Those who rely on exports and open trade will contract the most. Trade links between countries have led to a more peaceful and prosperous world. It remains to be seen what severing those links will mean.