Functioning Global Economy News Today

Points, still trying to claw back some of those losses. you can look at the cbos own estimate that the imposed tariffs are shaving .3% off gdp through the year 2020. thats an increase from their previous estimate now that trump has raised tariffs even further, perhaps that number will go even higher. then i think whats most important for the average american is the impact on jobs. look at whats going on in the manufacturing sector, hiring in manufacturing has slowed down significantly. the secto...

Veered back and forth leaving much of the world with geopolitical whiplash. lets dig deep we are nbc white house correspondent kristen welker, bill crystal, founding director of founding democracy together and elan mu we. what are your hearing from your sources, is there any concern at all from the staff or his campaign that these mixed messages on the trade war generally are having serious consequences for the economy that then will have consequences for the campaign? >> thats the big concern e...

>> no. no. its a totally -- you pay a price for it in the economy here, you pay a price for it on foreign policy. foreign leaders look at this and look at it and go oh, my god, theres no strategy, theyll try make it work because the u.s. is such an important player in the world system for now, maybe we can make it work for another year and sort of navigate around trumps decisiozigs and zags. i think thats why diplomatic people are so horrified on the notion. one thing he doesnt zig zag on, vladi...

Canceled yet in september. but you raise the issue of the economy. this is the biggest concern for the administration for president trump, because he knows that his re-election is largely tied to the economy and the state of the economy. and we all saw sort of how volatile it was when he impossed a new rouimposed a new round ofs on wall street. >> whiplash on wall street. >> exactly. he doesnt hesitate to weigh in on what he sees. >> so the president was asked about the conflicting statements th...

Are clearly hostile to us. but thats not trumps style. >> all of this has consequences. the thing is you cant ignore that what he says as impact. and paul kirkman i think wrote about this in a very -- very straightforward way. he wrote, if your business depends on a smoothly functioning global economy, trumps tantrums suggest that you should postpone your investment plans. after all, you may be about to lose access to your export markets, your supply chain, or both. its also, though, not a good ...