Tag: Trump handling of the economy

New data challenges Trump’s economic narrative

The Hill logoPresident Trump has repeatedly said the U.S. economy under his watch has been extraordinary.

His tweeted descriptors have included “BOOMING,” “GREAT,” “stronger than ever” and “perhaps the greatest ECONOMY and most successful first two years of any President in history.”

But a slew of recent data suggests the Trump economy has fared no differently than other expansions at this stage. And those same numbers indicate the president’s economy may be headed toward a downturn.

View the complete August 25 article by Niv Elis on The Hill website here.

A Gyrating Economy, and Trump’s Volatile Approach to It, Raise Alarms

New York Times logoBIARRITZ, France — President Trump has again tossed out the economic and political playbook that guided other occupants of the Oval Office for generations as the United States dominated the flow of goods and services across the world.

In the space of a few hours, he declared that his own central bank chief was an “enemy,” claimed sweeping powers not explicitly envisioned by the Constitution to “order” American businesses to leave China and, when stock markets predictably tumbled, made a joke of it.

Mr. Trump’s wild and unscripted pronouncements on Friday renewed questions about his stewardship of the world’s largest economy even as he escalated a trade war with China before heading to France for a high-profile summit with the leaders of many of the world’s other major industrial powers.

View the complete August 23 article by Peter Baker on The New York Times website here.