Just as he has with other numerous things?
Donald Trump IS gonna help fuck up the American and Global economy….
President Trump’s trade war is chilling business investment, confidence and trade flows across the world, a development that foreign leaders and business executives say is worsening a global economic slowdown that was already underway.
Recent softening in Europe, Australia and other parts of the world coincides with Mr. Trump’s intensified trade fight with China and other partners. Economists warn that further escalation by Mr. Trump — like tariffs on more Chinese goods or levies on foreign autos — could slow global growth to a crawl.
“With these trade tensions, the global economy, in a sense, is getting close to a crossroads,” said Ayhan Kose, the director of the World Bank’s Prospects Group.
Weakness in China, driven in part by fallout from the trade war, has spread to Germany, Australia and other nations, raising supply chain costs, chilling exports and worrying political and economic leaders.
On Tuesday, Mario Draghi, the president of the European Central Bank, said the bank was prepared to inject more stimulus into the eurozone economy to combat the economic slowdown.
The effects of Mr. Trump’s trade war has been particularly hard on Germany, Europe’s largest economy, which has been bracing for a decision about whether the United States will impose tariffs on auto imports. Trade anxiety has led to a decline in business sentiment and spending: Overall German industrial production contracted sharply in April, falling 1.9 percent on the month versus the 0.5 percent analysts expected.
“The risks that have been prominent throughout the past year, in particular geopolitical factors, the rising threat of protectionism and vulnerabilities in emerging markets, have not dissipated,” Mr. Draghi said in a speech on Tuesday. “The prolongation of risks has weighed on exports and in particular on manufacturing….