Contrary to what may have been previously prevalent, the trade disputes seem to be affecting the US very little. While parts of the economy of the US and its dispute counterpart China are feeling the crunch, the effect has yet to show, based on the strong economic posting made by the two countries.
That, however, may soon come to an end too. As with all good things, the US economy has steadily been slowing down, and there are signs that it may come to a halt soon. Business Mirror notes that the damage may actually come from the natural cooling down of markets. Globally, Australia and the other examples that felt a global upswing are now posting all-time lows, compared to their once-high gains.
This may have been the effect of the ongoing disputes between key countries and global economies. This is also being monitored closely. The effects of this backlash may have widespread consequences and may be felt as far back as the mainland US.
This may be a legacy breaker for the presidency of Donald Trump, whose economic drive has been seen as all but sound. The trade dispute between the US and China has consequences on both country's economies; this is also mirrored in the European Union, which Trump has accused of lopsided deals similar to that of China.
Per The Guardian, the US economy has never been brighter. Unemployment has been at an all-time low, even for Hispanics and African-Americans, and the trend suggests that there are more jobs than there are people looking for them. However, Trump's seemingly personal attacks may soon reverse the trend and may alienate the country among its peers.
With the midterm elections coming, Trump should effectively balance his policies with that of his party's interests. The Republicans may ultimately lose to the Democrats largely because of how the economy had been handled by Trump. There is a period of an economic boom right now, but how long it lasts remains to be seen.
As is the case with global markets, where growth is deteriorating, the period of growth seen under Trump's leadership hinges largely on how the administration navigates existing deals and trade conflicts. Treading lightly is key because one small step could cost him the presidency.
