Trump's latest moves aren't exactly a winning economic -- or reelection -- strategy
New York (
CNN Business) President Donald Trump's latest economic policies are the opposite of the emergency aid that Corporate America and Wall Street are clamoring for.
Trump may be calculating that tougher stances on immigration and trade could score him points in November. But they could backfire by making it harder for the economy to recover from this historic recession.
Trump is suddenly ramping up trade fights with two of the nation's biggest trading partners -- threatening to slap tariffs on goods from Europe like chocolate, butter and beer made with malt, and reportedly pushing to reimpose tariffs on aluminum imports from Canada. Meanwhile, Trump this week also extended immigration restrictions, which could make it harder for businesses to find the skilled foreign workers they rely on.
All of this is happening during a drumbeat of bad coronavirus news, as infections surge in several areas. .............(more)
https://www.cnn.com/2020/06/24/business/recession-tariffs-europe-immigration-trump/index.html