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Economy will drag on Trump’s re-election hopes

Peter Morici
Economy will drag on Trump’s re-election hopes

Donald Trump’s failure to deliver meaningful health-care reform and the pain inflicted on Midwestern farmers by Chinese retaliation against his tariffs make matters worse. Chinese President Xi Jinping’s strategy for dictatorial control penalizes private companies and entrepreneurs to boost its highly inefficient state-owned enterprises and squanders a lot of economic resources and credibility with foreign investors. Germany’s trade surpluses require southern European Union states to endure endless growth sapping trade deficits, and German and Italian banks are in terrible shape.