Start United States USA — Financial Trump’s trade war is costing him his greatest political ally — a...

Trump’s trade war is costing him his greatest political ally — a roaring stock market

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President Donald Trump cites a strong economy as a major achievement, and there is ample evidence that he rightly has bragging rights. The stock…
President Donald Trump cites a strong economy as a major achievement, and there is ample evidence that he rightly has bragging rights. The stock market has been on a tear for years and unemployment is at a 50-year low.
By waging a foolish tariff war with China, the president is putting his best political chip at risk. On Monday, financial markets were on pace for the worst day in 2019 as investors ran for cover from the fallout of looming 25 percent tariffs on $200 billion of Chinese products. The United States and China still could reach a deal to avoid more tariffs, but the financial markets are running scared. China has responded with tariffs on about $60 billion worth of U.

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