The biggest economic risk in 2017 is the one thing Trump thinks will rescue US jobs

[Yo_Mama_Been_Loggin]

IHS Markit chief economist says protectionism biggest threat to global economy;Dr. Behravesh says election of Trump and Brexit ‘a slap in the face’ for ‘the elite’;Issues ‘call to arms’ for Davos 2017, saying companies and governments must work out how to help those ‘left behind'.

One of US President-elect Donald Trump's key strategies to help get more Americans into work is to introduce protectionist trade measures.

The idea is that by raising taxes on goods imported overseas it will encourage businesses to bring jobs back to America as it is no longer economical to manufacture elsewhere and then ship to the US.

-snip-

According to an HSBC report entitled "Unlocking the Growth Potential of Services Trade," released in December, if Trump goes ahead with his protectionist trade plans the combination with a "hard Brexit", where Britain leaves the EU single market, could kill $1.2 trillion of global trade value.

That's because higher tariffs and other trade barriers will reduce the total amount of trade, which means less production, which means fewer jobs. It also means more expensive goods, as import taxes are factored into prices.

https://www.msn.com/en-us/money/markets/the-biggest-economic-risk-in-2017-is-the-one-thing-trump-thinks-will-rescue-us-jobs/ar-AAlUirQ?li=BBnbfcN&ocid=edgsp

[2naSalit]

1. I suggest

an underground economy, complete with some other form of exchange to truncate the value of what matters most to the oiligarchy.

It's already working among some circles in this country, it could be a tool for the rest of us eventually, hopefully soon.

[Wellstone ruled]

2. Agree.

We already have one of the World's largest underground Economies and that is the Drug and Gun businesses. That and the so called Flee Markets with their stolen Properties.

[2naSalit]

4. There's also

the "barter only" movement, no cash only trade of tangibles for tangibles. Works pretty good for many who are unwilling to work at unethical jobs for $$, including not supporting the corporations. Many make the goods they trade.

That's what I was thinking.

[uponit7771]

3. Why is no one is asking how is Benedict Donald going to beat 4.6% UE rate and a falling U6!?

Other than a lot of dems bashing the economy there are few thinking the US economy in a year is going to be the same or better than now !!!

[safeinOhio]

5. Trump supporters are not going to happy

when all the dollar stores turn into ten dollar stores. That is where they shop.