Day 694: Trump brags Chinese economy is ‘growing much slower than anticipated’ as U.S. markets completely stagnate

Donald Trump’s trade war was a doomed idea from the start, as most economists, Democrats and Republicans agreed. When one nation imposes tariffs on another nation’s goods, reciprocal tariffs tend to boomerang right back and both economies stumble.

Trump proved that theory over the past year.

But right now, he’s only bragging about China’s acknowledgement that their economy is growing slower than initially expected.

China’s economy is growing. Just slower than it has been.

That’s more than the U.S. can say, where growth has completely stagnated in many sectors and the effects in China are being felt domestically as the markets continue a year of volatility.

The S&P 500 is considered the best gauge of large-cap equities; it has declined by about 2.8 percent in 2018. The Dow and NASDAQ are down by 2.5 percent and up by 0.1 percent respectively.

Trump wants to jab his finger at China and say, “See, their economy isn’t doing great, because of my policies.” But by many metrics, the U.S. is doing is just as poorly, if not worse, because of those same policies. The markets negatively react to every tweet that threatens to prolong or reignite a trade war.

While Trump can try and pretend the grass is greener domestically, the numbers prove the grass is just a shade of uncomfortable brown.

694 days in, 768 to go

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