Dow Disaster Trump Created a Trillion Stock Market Crisis

Published at Sat, 01 Jun 2019 17:00:06 +0000 And while the S&P 500 and Nasdaq have hit new all-time highs in 2019, Chadha blamed the dispute for rapping the stock market off the decade-long bullish track it was on since 2009. Trump's commerce wars have swept the stock market in a tight selection, devoting $5 trillion in expansion. China's tech company blacklist sounds much like the Trump administration's anti-Huawei tactics. Image Edited by CCN It appears missing on the White House that the only losers in a tariff on Mexico are Americans via higher import costs. This isn't China where generation is going to be emptied to Vietnam. The only real loser from this is the USA. Is Trump attempting to get rid of the 2020 election?

By CCN: '' The Dow recoiled on Friday following President Trump dragged the United States into a trade battle with Mexico, wreaking havoc on an already-fragile Stock Exchange.

Disclaimer: The opinions expressed in this article are only those of the author and don't represent those of, nor should they be credited to, CCN. "The expenses of this transaction war in our view are about its indirect consequences," said Chadha in a note to clients, based on CNBC. "The transaction war continues to be crucial in preventing recovery in global expansion and maintaining US equities range bound. Foregone US equity returns from price appreciation (12.5% yearly fee ) for 17 months are worth $5 trillion" That is based on Deutsche Bank chief strategist Binky Chadha, who recognized the US-China trade war as the essential hurdle preventing a recovery in global expansion. "It appears misplaced on the White House that the only winners at a tariff on Mexico are Americans via higher import costs," wrote David Rosenberg, the chief economist in Gluskin Sheff, in a withering Twitter post. Now, Wall Street must also grapple with Trump's unexpected assault on Mexico, which was borne from his desire to decrease the flow of undocumented immigrants throughout the US-Mexico border. According to Bloomberg, China's Ministry of Commerce would utilize that blacklist to target US tech giants like Apple and Alphabet, echoing the Trump administration's decision to prohibit Chinese telecom giant Huawei from operating in the US. Even the White House is levying hefty tariffs on Mexico, however, US consumers is going to be the ones who pay the price.