Trump hit China with new tariffs this week on $300 billion of goods. His trade negotiation team came back from China without a deal and no deal in site. The tariffs go along with the 25% tariffs already on more than $200 billion in Chinese made goods. They say consumers in America are paying for it, but Trump says China is paying. According to one economist, it amounts to only .1% in higher prices. So, there is not much damage being done no matter what the MSM is saying. What is trump really up to on China Trade?
The Fed cut a key rate by .25% this week as an “insurance cut,” and the market sold off. President Trump has said the Fed has not done enough and has been critical of the Fed raising rates for the past year. Are more rate cuts coming? Experts like Gregory Mannarino of TradersChoice.net say yes. Is the economy in worse shape than people think?
President Trump has won two big court battles recently. The Supreme Court ruled in his favor about using Defense Department money to build a wall last week. This week, Trump also won big time in New York Federal Court when a judge appointed, by Clinton, dismissed a lawsuit by the DNC concerning Russia and WikiLeaks. Trump says “The Witch Hunt Ends!”
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.