President Trump keeps pushing President Xi to meet with him at the G20 Summit. Mr. Trump told the press, Xi would make a deal at the summit because China’s economy is in trouble. But according to global economists, China’s Gross Domestic Product growth will still be six percent at the end of 2019. The same economists say U.S. Domestic product Growth will be less than two percent at the end of the year.
Trump continues to tell his voter base the economy is in great shape, but government economists, as well as Wall Street, say Trump’s tariffs are bad for American businesses and consumers. Mr. Trump continues to bully China by threatening to add tariffs on the balance of China’s exports to the U.S. Even though Trump’s tariffs were in place in May, China’s export numbers increased, but they imported less than they did in April.
China has a plan in place that will hurt the U.S. economy, but Mr. Trump claims tariffs are a beautiful thing. But the rest of the world thinks Trump’s tariffs are weapons of war. President Putin told members of the G20 summit, Mr. Trump started a tech war when he banned Huawei in the United States. Putin said Huawei will build his new 5G platform. Brazil plans to use Huawei, and other Latin America companies want to take advantage of Huawei’s 5G expertise.
Treasury Secretary Steve Mnuchin told the press Huawei could continue to buy and sell in the United States if China comes back to the negotiating table. But China won’t resume talks if Trump keeps acting like a dictator.
Jared Kushner is a perfect position to enhance his fortune while he acts like Trump’s special advisor. According to recent news reports, a company partially owned by Kushner received $90 million in investments from an offshore company in 2017. The company is a Cayman Islands corporation. Mr. Kushner had a large stake in that foreign company, but he sold some shares. He now owns 25 percent of that unknown foreign company. Some reports say the company has ties with Saudi Arabia.
Mike Pence had a smirk on his face when he defended the decision to not fly the LGBTQ flag on American flag posts. Pence said the rule is only American flags can fly on those government flag posts around the world. Pence claims his Christian faith doesn’t condone gays and lesbians. Mr. Pence also said he supports Trump’s decision to discriminate and use tariffs to rule the world.
