• A new study found that Trump's trade war could take a gigantic bite out of the US economy

    14 days ago - By Business Insider

    President Donald Trump's trade policy could take a major bite out of the US economy, according to a new report.
    The report, commissioned by the pro-free trade Koch Industries, modeled the impact if Trump were to go through with all of his tariff threats on China and auto imports.
    The report also assumed other countries respond in kind.
    The report found that GDP, household income, and industrial production would fall substantially while unemployment rose.
    President Donald Trump's trade policy could cost American households thousands of dollar next year, according to a new study released...
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  • Trump's views on the US auto industry are childish and intended only to rally his supporters

    Trump's views on the US auto industry are childish and intended only to rally his supporters

    14 days ago - By Business Insider

    Trump thought he could makes deals with the US auto industry that would largely benefit Trump.
    Detroit has taken what it wanted from the administration in the form of tax cuts and reduced fuel-economy objectives, but the industry is now back to preparing its business for a sales downturn in the coming years.
    Trump's response to GM's decision to idle a factory in Ohio - state critical to the president's re-election - is evidence of how his childish view of the global auto industry has hurt his supporters.
    President Trump hasn't gotten what he wanted from the US auto industry - but he was...
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