President Trump’s simultaneous trade wars with Canada, Mexico, China and the European Union amount to a huge economic and political gamble: that Americans will endure months or years of economic pain in return for the distant hope of re-industrializing the American heartland. It is enormously risky. In recent days, Mr. Trump has acknowledged, despite all…
Trump stays the course Even President Trump has acknowledged that his pugnacious economic agenda is looking increasingly risky. Asked on Fox News this weekend if he expected a recession this year, he allowed only, “I hate to predict things like that.” That dodge comes as his trade war continues to escalate and companies warn that…
Stock markets fell further on Monday as investors around the world worried about the health of the American economy as businesses brace for the destabilizing effects of tariffs on global trade. The S&P 500 fell 1.5 percent in at the start of trading on Wall Street, adding to last week’s losses, which were the steepest…