Trump to tout trade, economy in formerly blue Wisconsin

Credit: Seattle Times- Published 5 days ago
WASHINGTON (AP) — President Donald Trump loves to reminisce about his upset Wisconsin win in the 2016 election after Democrat Hillary Clinton took the state for granted. He’s determined not to make the same mistake himself. Once part of the Rust Belt’s blue wall meant to keep Trump out of the White House, Wisconsin now...

Credit: The Street
Published 5 days ago -  01:53
China-U.S. Trade War About To Get Uglier
(Kitco News) - No resolution is in sight for the trade war with China and relations may even worsen, this according to Steve Hanke, professor of applied economics at Johns Hopkins University. U.S. President Donald Trump has been unwillingly to budge on his trade policies with China, but the Chinese communist regime is unlikely to make compromises either, Hanke told Kitco News. The economics professor said that current policies enacted by the Trump administration can be likened to the trade tactics in the 80s used against Japan, which had the largest trade surplus on the U.S. at the time, but where the current U.S. government is getting it wrong is that China is a very different trade partner than Japan ever was. "They think they can do the same thing, the U.S., to China, but number one, China is a huge country, much bigger in relative terms than Japan was in the 80s and 90s, and we have a big bilateral trade deficit with China," Hanke said. "Now, the Chinese, not only are they big, they're communist...they're not going to be humiliated, the Chinese have a different history than Japan, and they're not going to be beat around like the Japanese were in the 80s and 90s." When it comes to international trade policies, President Trump is out of his league, Hanke said. "The U.S. thinking on this thing is completely wrong-headed. We have a president who is a businessman and most businessmen have no clue about international economics. They think the international economy runs like a business so they have the wrong idea about the thing," he said. Watch the full interview with Professor Hanke on Kitco News. Get Ready for the Next Big Bear Market Warns Jim Rogers

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