Tag Archives: Trade War

Jerry Bowyer: What to Do for a Slowing Economy

The Trump tax cuts have done great things for our economy, but—as I’ve warned—the economy is slowing down somewhat. The new GDP report shows the growth rate last quarter dropped from an above average 3.4 to a below average 2.6 percent. Overall, 2018 was a good year for the economy, but at the end it lost some steam, but we can get it back.

First, get out of the trade war. It’s made trade deficits higher and hitting farmers particularly hard. We’ve already created the conditions for American economic preeminence with the tax cuts, let them do their thing and let’s not seize defeat out of the jaws of victory.

Second, stabilize the dollar. America became the envy of the world when the dollar was stable in terms of gold and the currencies of other trading partners.

With just a few changes, we can unleash the American economy.

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Hugh Hewitt: The North Korean Nuclear Crisis and China Trade

U.S. Senate

There isn’t going to be a trade war with China. The risks of a real war with North Korea are now simply too high.

General Joseph Dunford, Chairman of the Joint Chiefs, has said—and I quote—“It is not unimaginable to have a military option to respond to the North Korean nuclear capability. What’s unimaginable to me is allowing a capability that will allow a nuclear weapon to land in Denver, Colorado.”

Hisense Electric, a Chinese state-owned tech manufacturer, is now being sued in California courts by Sharp, a Japanese company now owned by Taiwanese company Foxconn. Sharp claims shoddy workmanship by Hisense has done deep damage to the Sharp brand.

Even though President Trump campaigned on an aggressive trade agenda with China, the reality is that the United States needs China right now more than we need fair trade.

Sharp and the state of California might have to fight for their own interests any legal way they can. But the federal cavalry isn’t coming over the hill in the China trade battle anytime soon.

The Trump administration needs to tell its grass-roots supporters why.

 

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