Why? Because the economic policy of a federal candidate will ultimately determine monetary policy, fiscal policy and foreign policy.
Here's Trump's "AGENDA 47" China plan: ♦ENDING RELIANCE ON CHINA: President Trump's America First trade policy will completely eliminate U.S. dependence on China-the primary beneficiary of Democrats' globalist agenda.
President Trump will establish new rules to stop U.S. companies from investing in China and stop China from buying up America, allowing only those investments that serve American interests.
Despite two years of doomsayer predictions from Wall Street's professional punditry, all of them saying Trump's 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation, it just wasn't happening! Overall year-over-year inflation was hovering around 1.7 percent ; yup, that was our inflation rate.
The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent.
The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent.
The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July.
Because all the export dependent economies were reacting with such urgency to retain their access to the U.S. market, aggregate import prices were actually lower than they were when the Trump tariffs began: [] Prices for imports from China edged down 0.1 percent in August following decreases of 0.2 percent in both July and June.
Import prices from China have not advanced on a monthly basis since ticking up 0.1 percent in May 2018.
The price index for imports from China fell 1.6 percent for the year ended in August.
Import prices from the European Union fell 0.2 percent in August and 0.3 percent over the past 12 months.
No comments:
Post a Comment