President Donald Trump -- irritable and inconsistent on the world stage -- raised, then swiftly dashed, hopes for an easing of his fast worsening trade war with China that is threatening the global economy | Analysis by StCollinson
The G7 summit in France unfolded in the now familiar manner of Trump's foreign trips. The United States, once the fulcrum of the Western alliance, was isolated. Foreign leaders who once looked to the US for direction largely tried not to antagonize a volatile American President. And Trump battled with the media, reacted furiously to any criticism of his performance and left whip lashed aides scrambling to explain his public comments.
Trump has insisted inaccurately that China and not US consumers are paying the price for the tariffs.A recession could be politically challenging for the President during his election year, one reason why he is berating the Fed for significant rate cuts to stimulate the economy.At the same time however, the President is insisting there is no need to panic and that the economy after a decade-long expansion and historically low unemployment is in no trouble at all.
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