What is Trump Thinking? Why New Tariffs May Lead to Recession

Mark gives his thoughts on Trump’s recent tariffs including why it’s both a confusing and a poor choice for the U.S. He shares the economic problems with what Trump has announced and predicts what will happen next.   KEY TAKEAWAYS Trump has announced tariffs on China and over 70 other allies, which makes little economic sense. The U.S are consumers rather than savers which is the core problem with these tariff announcements.  The tariffs may reduce imports but they are also likely to reduce economic growth.   BEST MOMENTS "The markets have been up and down like a whores drawers”  “The U.S does have a big current account deficit”  “There is a 60% chance of a U.S recession after this”   VALUABLE RESOURCES  https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/   ABOUT THE HOST Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.   CONTACT METHOD Email: [email protected] LinkedIn: https://www.linkedin.com/in/markhomer1 Facebook: https://www.facebook.com/markprogressive Twitter: https://twitter.com/markprogressive ‘Brought to you by Progressive Media’: https://progressivemedia.uk/