Could Trump’s Tariffs Hurt The U.S. Economy?
About a year ago, the media was talking about how Trump’s trade wars could negatively affect many industrial companies, the agricultural sector, and right down to the every day American worker.
The recent stats from Gross Domestic Product has now revealed the current reality of Trump’s multiple front trade war.
Data shows that imports increased, while exports decreased by over 5%. Business investments have declined by 0.6%, and this decline has been happening since 2016. Most North American corporate capital spending is also on a declining trend.
Trumps’s tax reform was short-lived for most American companies. We did not get many benefits from the trade tensions either. U.S. corporate debt is getting much worse and far more significant than household debt.
Many are speculating that the cutting interest rates will lead to more zombie companies that will threaten both the U.S. and global economy.
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