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Politics : Formerly About Advanced Micro Devices

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To: Sdgla who wrote (1159804)8/26/2019 4:18:28 PM
From: sylvester80   of 1576160
 
OOPS! Want a U.S. Recession? Try Trump’s China Divestment Plan
President’s trade war order for U.S. companies to get out isn’t just impossible; it would sink the US economy.
By David Fickling
August 25, 2019, 10:00 PM MST
bloomberg.com



Imagine Tesla walking away from this new factory in Shanghai. Photographer: VCG/Visual China Group/Getty

Is President Donald Trump serious about forcing American companies out of China? His advisers talk like it.

The president would have the authority for such a move, Treasury Secretary Steven Mnuchin and White House economic director Larry Kudlow said in television interviews while their boss was at the G-7 – though there’s “nothing right now in the cards,” Kudlow added.
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