Trumps risky gambit on trade roils markets

Fears of a trade war with China are roiling the stock markets and raising broader questions about President Trump’s "America First" economic policies.

The Dow Jones industrial average plunged almost 600 points on Friday, a single-day decline of around 2.3 percent. The sell-off came after Trump, the previous evening, had threatened a new round of tariffs against China, upping the ante between the two nations.

Democrats and other Trump critics say the verdict on his approach is already in.

“The stock market is sending a very clear verdict that they don’t think the trade war will be good for the economy,” said Jason Furman, who served as chairman of the Council of Economic Advisers under President Obama and is now a Harvard professor.

http://thehill.com/policy/finance/382036-the-memo-trumps-risky-gambit-on-trade-roils-markets?utm_source=&utm_medium=email&utm_campaign=14668