Trump and the Republican Party's base voters are the hardest hit in the China trade war
President Donald Trump arrives to speak at a rally at Aaron Bessant Amphitheater, Wednesday, May 8, 2019, in Panama City Beach, Fla. photo credit: ASSOCIATED PRESS
Clearly, no one is betting on it. The Dow is down nearly 400 points and China's A-shares, as represented by the CSI-300 Index, is down over 3%. Both Nancy Pelosi and Chuck Schumer, high ranking Democrats, agree with Trump's tough stance on China. Trump's tariffs, however, have also helped the Democrats win back the House of Representatives as farm counties hit with China's retaliatory tariffs voted Republicans out of office in November 2018. photo credit: ASSOCIATED PRESS
It hasn't been an overnight shift, but supply chains are definitely shifting out of China. Tiffany Zarfas Williams, owner of retail firm The Luggage Shop in Lubbock, Texas says she is looking for luggage and travel bags that are not Made in China."We are looking to shift our supply chain," she said, begrudgingly, during a conference call with reporters on Thursday.
China knows they are indispensable to U.S. business. It drives many in Washington crazy. The question many people are asking now is if China opts to wait out the Trump presidency and just deal with the tariffs, in hopes they do not lose too much business to the Americans. Trump said that China really prefers dealing with"weak Democrats", calling out Obama's vice president and presidential candidate Joe Biden in particular. He might be right.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republican Governor challenging Trump in 2020: He is impeachableRepublican Bill Weld, a former governor, former federal prosecutor and GOP veteran who served as counsel to the House judiciary committee joins MSNBC Chief Legal Correspondent Ari Melber, to discuss why he is challenging President Trump for the 2020 Republican nomination. Weld says he was previously “against” impeaching Trump, but that his position “needs a little re-thinking in view of the brazenness” of both Trump and his Attorney General Bill Barr.
Read more »
Decision to subpoena Donald Trump Jr. sets off a Republican firefightSenators took sides on the propriety of a demand that the president’s eldest son testify again in the Intelligence Committee’s Russia probe.
Read more »
The Only Republican Running Against TrumpBill Weld thinks GOP voters should bail on the president. So why is he making his case to independents?
Read more »
Republican-led Senate panel subpoenas Donald Trump Jr.There have been plenty of subpoenas and confrontations of late, but the new subpoena for Donald Trump Jr. is wildly different from the rest.
Read more »
Senate Intel Committee subpoenas Donald Trump Jr. in Russia probeTrump Jr. told the Senate in 2017 he was only 'peripherally aware' of a Russia deal with the Agalarovs. Michael Cohen said he briefed Trump Jr. 10 times.
Read more »
Cramer Remix: China needs us more than we need ChinaJim Cramer explains how the United States has the upper hand in trade negotiations with our stronger, cash fueled economy.
Read more »
US Navy destroyers sail near disputed islands claimed by China in South China SeaTwo U.S. guided missile destroyers sailed near disputed islands claimed by China in the South China Sea on Monday, the U.S. Navy says in a statement.
Read more »