Trump’s promised ‘golden age’ for the US economy is off to a chaotic start | US economy

Donald Trump I promised to enter the new “Golden Age” of the American economy – one with low prices, more jobs and greater wealth. This week, his first quarter report came, and the new era began a chaotic start.

GDP (GDP) Shrink For the first time in three years in the first quarter, it suddenly turned into negative after a talisman of strong growth with trade distortions and the weakest of consumer activity.

It took 43 minutes of US President to see himself from the gloomy reading, which was released on Wednesday morning.

“Our country will flourish, but we have to get rid of” Biden “.” This will take some time, and it has nothing to do with definitions, only that he left us with bad numbers, but when the boom begins, it will not be like another. Be patient !!! “

By telling Trump, any bad numbers are Joe Biden’s mistake – but this chain of transmission does not extend to good numbers.

Strong job report in March It proved how “the private sector wanders during the era of President Donald J. Trump,” according to a statement issued by the White House. “He is already working,” the president announced the day he was published.

But the less prosperous job report in April, It was released on FridayI paid a more response. He wrote: “Just as I said, and we are only in a transitional stage, we just started !!!”

So what is it? Is the “Golden Age” in America ongoing? Or will it take some time?

The growth in the first three months of the year – regardless of how Trump wanted to blame 19 days or so, which was not yet in office – a major challenge through the new management plans to reform the global economy. American goods’ imports increased by 41 %, as companies stood up to the reserved definitions, while consumer spending on durable goods decreased by 3.4 %. Feelings were subjected to pressure.

The first quarter numbers raised disturbing questions about the second. The activity is largely weakened with the companies’ readiness for the lion’s share of the Trump tariff, which was unveiled only in early April. How these companies and their customers eventually respond to these definitions? And confusion around them It is widely expected to have a greater effect on growth.

Trump Irregular startup Of the 10 % of the customs tariffs on the goods from most of the world, and 145 % on China, “has changed the image significantly” since the end of the first quarter, Oliver Allen, the chief American economist in the macroeconomic economy. “Any support for spending will be relaxed from pre -fire purchases soon after a large new tariff has been imposed.

“Consumer spending will also be declined due to trust and real income from high prices, while extreme uncertainty will put freezing on investment in business, especially exports – especially for China – you will suffer.”

It is too early to determine whether the definitions, which the administration insists on activating American economyIn fact, it will pave the way for the stagnation: two consecutive quarterly. On the monitoring of Trump, the landscape turns rapidly from day to day, not to mention in a full quarter.

Trump is right, somewhat: Most customs duties do not bear responsibility for the amazing reflection of growth in the first quarter. The United States only raised the tasks on China and imposed a 10 % blanket on many other countries last month, days of the second quarter.

The potential Trumpcessation foundations have not been laid in the first months of the year by the same definitions, but by executing their administration.

from Repeated tremors and tremors About comprehensive duties on Canada and Mexico to announce the “mutual” definitions of dozens of nations that were Ultimately imposed for less than a dayConfusion and uncertainty were widely included in the world’s largest economy. Companies inside and outside it We are no happy.

Scott Bessin, Trump’s Treasury Secretary, formulated an interesting term in this playing book for threats, play and social media. “President Trump creates what I call” strategic uncertainty “in the negotiations,” he told a newspaper newspaper on Tuesday. “When we start moving forward, with advertising deals, there will be certainty. But certainty is not necessarily a good thing in negotiating.”

However, Trump and his officials find “strategic uncertainty” during commercial negotiations, it has different consequences for those who pay the bills they were on Repeated and repeatedly emphasize It would quickly fall, in an attempt to develop a company in a market with leaders detained in a war of words with the White House, or to grow a crop without knowing what economic facts are by harvest.

Trump returned to his post after winning the support of rural and low voters in large numbers last November. It needs to maintain its base if the Republicans maintain power in Washington during its second term.

The ballot indicates that these groups are concerned. A BBS News/NPR/Marist Survey, Published this week48 % of rural voters found Trump’s dealings of economy. The same thing was true for 57 % of the family of family income of less than $ 50,000.

As anxiety grows, the American president sought to reduce risks. In one of the most strange moments in another strange week, he seemed to play the threat of empty stores.

“Well, children may have two dolls instead of 30 dolls, Y’know,” Trump said during the cabinet meeting on Wednesday. “Perhaps the dolls may cost two more dollars than usually do.”

China “Ships are loaded with things, many of them – not all, but many of them – do not need.”

It is usually up to the American consumer, not their president, to decide what they do and do not need to buy. For a man who was built and photographed about clear consumption, the comments seemed very far away. “Cry on Barbie“Read the first page of the New York Post often. It is still the first days for Trump. But the argument“ Biden ”is already wearing thin. It will be up to American voters, not their president, to issue a ruling on his dealings with the economy.