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As global economic picture dims, solutions seem out of reach

6 Comments
By PAUL WISEMAN, DAVID McHUGH and JOSH BOAK

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Well its good to know the G7 are doing something about Brazil, maybe Japan can ban their beef and eat whale instead

no, instead they can buy US beef and agriculture and pick up where China drops off due to this trade war. Abe can get his article 9 done with Trumps blessing in return, since thats really what Abe wants from Trump. Too many checks in play for Japan to become a nuisance like before, unless they develop a game changer weapon, which due to their lack of imagination, cant really say I worry that.

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Sideline Trump and the US, find other trading partners and you will be well on the road to solving the problem. 

Hope. The biggest risk is the negative-rates Eurozone, where Germany's economy is shrinking and could well be heading for recession. Then there's Hong Kong, which threatens to explode, which would drag down financial markets way more than now and trigger new rocketing levels of uncertainty if the Chinese military moves in.

Trump's tariffs won't have a huge impact on the real economy in the US. If they do, the US govt would have lots of revenue collected from the tariffs to cycle back into the economy for stimulus.

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Well its good to know the G7 are doing something about Brazil, maybe Japan can ban their beef and eat whale instead.

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Sideline Trump and the US, find other trading partners and you will be well on the road to solving the problem. Don't forget with Trump it's America First and to hell with the rest.

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It feels like I am stating the obvious, but getting rid of Trump will go a long way toward solving many problems. One year, four months, and 29 days left.

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Well, thanks for that, that's a really depressing Saturday morning read.

Interesting to remind ourselves that:

"The U.S. economy, now enjoying a record-breaking 10-year expansion, still shows resilience. American consumers, whose spending accounts for 70% of U.S. economic activity, have driven the growth."

But that despite this,

"Trump's tariffs loom over the U.S. economy. The import taxes he plans to impose on China on Sept. 1 and again on Dec. 15 are likely to hit Americans more than the earlier rounds of tariffs. Already, companies are delaying investments because they don't know where to put new factories, seek suppliers or find customers until they have a better idea where the trade disputes are going. "

Picking a fight he didn't have to have, and in the process not only threatening the economic well-being of the US but also of every other nation on the planet, now caught in a trade war between Trump and China which, as it's developed, clearly has more to do with Trump's ego and desire to be seen as a "winner" than it does with any rational hope of benefiting the American people.

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