- In the CEO today: Diane Brady to the dissidents to Trump’s trade war
- The big story: recession?
- Markets: A short moment of calm.
- Analyst notes from Goldman Sachs, Convera, and Ey on the Federal Reserve; And Wedbush on Apple.
- plus: All news and a water cooler chat from Fortune.
Good morning. As I mentioned in detail last week, the ongoing commercial wars of President Trump have led to at least one confidence of the components: executives, who are increasingly concerned about the economy.
While some industries may eventually gain definitions, it is difficult to move in short -term disruption. I have given my colleague Sean taking a closer look at the impact of commercial wars on the American economy. First, he studied President Trump’s focus on the trade deficit and spoke with many famous economists, such as John Cocran from Stanford, who argues that “it is not clear why the trade deficit is considered a problem in the first place, because the countries re -invest the dollars that we send directly to the United States.”
Second, Talaa indicates some basic facts about the definitions. They are mainly taxes by American consumers, and they are likely to harm growth and increase unemployment, and will not reduce the trade deficit or federal budget deficit, and most importantly, in my opinion – it exposes the narration that we are stumbling by the red partners of the red.
I am excited to speak tomorrow with the Minister of Transport and Internal Trade of Canada, Craysta Frayland, who recently occupied the Deputy Prime Minister and Minister of Finance. You will join us in luckNew York CEO dinner, where we will also talk to former Transport Minister Eileen Zhao and former Minister of Commerce Wilber Ross. It is definitely a vital discussion, with customs tariffs and confirmed trade in the list.
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Call the executive daily via Diane Brady at Diane.brady@fortune.com
This story was originally shown on Fortune.com
