More terrible news for Donald Trump’s failed economy
The Dow Jones Industrial Average is already down more than three hundred points today, as a direct result of the new tariffs that Donald Trump enacted over the weekend on Chinese goods. No one on Wall Street has any faith in Trump’s trade war. Nor do investors believe that Trump has any idea what he’s doing with the economy in general. To that end, even more bad news just arrived.
Donald Trump has spent significant time insisting that he’s brought manufacturing jobs back to the United States. The trouble is that he hasn’t done any such thing, and that most of his job announcements are things that were going to happen anyway, or things that weren’t even real. Now we have evidence that not only is Trump failing to create manufacturing jobs, he’s eliminating manufacturing jobs.
The Institute for Supply Management just announced that last month, U.S. factory activity slowed down, for the first time in three years. This means that not only is U.S. manufacturing faltering, it’s not part of some long term trend; it’s specifically a result of Donald Trump’s disastrous tariffs and failed trade war.
At this point it’s fair to say that Donald Trump’s economy is a failure. Job growth has slowed overall, manufacturing in particular is now in the negative, stock market investors are increasingly pessimistic, and most observers are expecting a recession. Trump took the roaring Obama economy and broke it. Trump should resign, and then never show his face in public again.
