Trade War: Trade Deficit and Term Growth

trade war: But behind that confusing dance between a norm-breaking Republican president and a stick-to-its-knitting Fed lies a dilemma for Trump. ; Reasonably good is not what Trump promised to deliver during his 2016 campaign, and at this point he heads into a re-election year short of the key economic goals he set and worried a recession could undermine his bid for a second term, according to The Japan Times. Growth is ebbing and well below the 3 percent annual rate he said his administration would hit; the trade deficit has widened and there is no sign of the easy victory he said would come in a trade war with China; far from the surge in investment he promised would follow a corporate tax cut, business capital spending of late has been a drag on growth overall. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data show an economy in reasonably good shape, as the head of the central bank recently said. Each month there are more jobs. He is so focused on the Fed because in terms of avoiding a recession that is truly in his eyes his biggest obstacle, to reelection, said a source in regular communication with the White House, explaining that Trump wants to take no chances, even if the risk of a downturn is low. But that has been true for nearly nine years, and as on many fronts the best days of Trumponomics may be in the past as the economy's performance reverts to an Obama-era trend of around 2 percent annual growth. (news.financializer.com). As reported in the news.