Multi Front Trade War News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Trump is about to enter an election year having achieved next to nothing in his multi-front trade war. this is why trump and his supporters are so insistent congress pass usmc a immediately. what do you make of that? >> the phrases next to nothing because that is what congress has done under nancy pelosi's leadership. get this fact. congress under nancy pelosi has issued more subpoenas then they have passed laws are passed bills the turn into laws. this is a bill nancy pelosi and her members on the democrat side must pass for their constituents back home especially in texas. we do more than $2...

Some problems here. it is likely that the federal reserve is going to cut rates at some point. maybe this summer. maybe in the fall. that will offset some of the damage from the trade war. but damage from the trade war kicks into the economy more quickly than lower interest rates do and so the president heading into his re-election year has a darkening economic outlook from certainly the performance in 2018. >> and we're already seeing those numbers reflected there in the job numbers especially. mike vick aria and john harwood. thanks to both of you. it is an apology 50 years in the making. ...

Night, best week for the market in a month or so. well, that is true. and but there is no quicker way to ruin market confidence than to go ahead on monday and impose the tariffs and raise the specter of a broad, multi-front trade war that will go on for sometime. not just with china, but with allies of the united states like mexico. so that is something that he is at least averted on the mexico side. we'll see what happens with china. >> and i'll pick up on where you left off right there. because the markets, yes, had a good week and also still down from january of 2018. but also this news cam...

Document that says, this is what you need to do. once you've done that, you're in the clear. >> dan, from the market's perspective or economic perspective, this is nafta 2.0. jared kushner's baby. if this puts usmca in question, if it threatens it, then what happens? >> a trade war with china that is only escalating right now. the last thing you want is a multi-front trade war, especially with some of our biggest trading partners. i mean, i think it shouldn't be lost on viewers here that canada and mexico are our two biggest trading partners. when you think about where -- we export more than w...

Are going out the door that are going to be more expensive to consumers abroad. and that makes us less competitive. to me, i think that, again, we know we have an issue with europe. the president tried to push off auto tariffs between europe and japan a couple weeks ago. this thing could mushroom a little bit and we could find ourselves in a multi-front trade war which would weigh on u.s. corporate profits which we get maybe 50% of our profits from outside the u.s. and, really, we have a fragile global economy right now and this is the sort of thing that i just don't think anybody wants. >> gl...