Trump Gambles That Trade War Will Pay Off in 2020
Josh Zumbrun, Alex Leary
3 hrs ago WASHINGTON—President Trump’s trade battle with China is shaping up as a definitive issue in the 2020 campaign, with shaken financial markets and fears of an economic slowdown testing the Republican’s insistence that his blunt-force trade posture will be an asset as he seeks re-election.
Democratic presidential hopefuls including front-runner Joe Biden already see vulnerabilities for Mr. Trump in the effects at home, including businesses and consumers hit by tariffs and farmers who can’t sell their crops to China because of Beijing’s retaliatory measures.
“It’s crushing the American farmer,†the former vice president said Tuesday in Warren County, Iowa. “How many farmers across this state, across this nation, have to face the prospect of losing everything, losing their farm because of these tariffs?â€
U.S. consumers are expected to start feeling the effect after Sept. 1, when apparel, electronics and other items will be subject to 10% tariffs, followed by levies on smartphones, toys and other products on Dec. 15.
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http://www.msn.com/en-us/news/politics/trump-gambles-that-trade-war-will-pay-off-in-2020/ar-AAGiKTL?ocid=ientp