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Old 04-25-2018, 10:04 PM   #16
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Default Re: For the American Farmer, It's the Great Depression Again

OP wants farmers to succeed by lowering the COGS via free trade but doesn't want to do the same by lowering the corporate tax rate?
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Old 04-26-2018, 03:19 AM   #17
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Default Re: For the American Farmer, It's the Great Depression Again

ain't nobody safe.

Trump’s trade moves could send Germany into a recession, report warns

The risk of a recession in Europe’s biggest economy rose significantly between March and April amid the fallout over President Trump’s increasingly restrictive stance on global trade, researchers said Monday. While economists with the German Institute for Macroeconomics and Economic Research (IMK) saw only a 6.8 percent likelihood of a recession within three months in March, they now believe that an imminent economic downturn is 32.4 percent likely.

“President Trump’s flirtation with protectionism is sending out shock waves that are not only affecting financial markets, but also the German economy,” said Gustav Horn, the research director of IMK, which is part of a foundation with ties to several unions.

Germany is considered Europe’s economic powerhouse, and its economic boom has lasted five years even as the rest of the continent has struggled. Unemployment is so low in Germany that companies have to routinely turn down orders because of a lack of workers, and the government recently celebrated a record tax revenue.

But with its export-driven economy and large trade surplus, the country has repeatedly drawn the ire of Trump, who has lashed out at the European ally for allegedly exploiting the U.S. economy. Germany has rejected Trump’s accusations, saying German investments in the United States employ hundreds of thousands of workers there.


Trump has not directly targeted Germany with tariffs — but researchers say his protectionist threats alone have been enough to bring uncertainty to financial markets and exporters. It also remains unclear whether Trump may eventually expand tariffs to allies like Germany after all. “We don’t yet know whether U.S. punitive tariffs will eventually also apply to European goods, but concerns are mounting,” Horn said.

IMF warns world economy could be 'torn apart' by ongoing trade war

The ongoing threat of a trade conflict between the US and China has the potential to significantly impact the upswing in global growth, according to the International Monetary Fund.

In its latest World Economic Outlook, the IMF warned US President Donald Trump's trade tariffs and Chinese retaliation could damage global activity and sentiment.


Maurice Obstfeld, economic counsellor at the IMF, said: "The first shots in a potential trade war have now been fired.

"The multilateral rules-based trade system that evolved after World War II, and that nurtured unprecedented growth in the world, economy needs strengthening. Instead, it is in danger of being torn apart."

libturds will tell you that the original global great depression was exacerbated bigly by the hawley-smoot tariff.

but we trump university maganomics majors know that's fake news.

trade wars are good.

trade wars are easy to win.

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