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Denison Forum
Dr. Jim Denison
This Wall Street Journal headline caused me to click immediately: “Will There Be a Trump Recession?” The subtitle adds: “Economic signs are mixed, but his willy-nilly tariffs have markets worried.”
Fears of a recession sparked a major sell-off Monday, as the Dow dropped nearly nine hundred points. This after President Trump declined over the weekend to rule out a recession this year (though he stated yesterday that he did not foresee the US going into recession).
After Ontario imposed a 25 percent tariff on electricity sold to the US, Mr. Trump said he would double tariffs on steel and aluminum imports from Canada yesterday to 50 percent. The provincial government of Ontario then backed down on its planned surcharges. The Dow careened through the day, rising before finally falling 478 points. More Here
