Trump contains tax cuts to tariffs and ignores economic warning signs

A day after the Republicans had approved an expensive package of tax cuts that folded off the financial markets, President Trump returned to his other priority of the signature policy and revealed a number of tariff threats that further frightened and increased the prospect of higher prices for American consumers.

For a president who has formed as a clever business administrator, the decision to escalate his global trade war on Friday seemed curious and expensive. It was concluded for a week in which Mr. Trump ignored repeated warnings that his agenda could make the nation's debts worse, harm many of his own voters, injure the finances of families with low incomes and contribute far less growth than the white house.

Mr. Trump, who decided on Friday, decided on Friday to revive the uncertainty that has brought companies and consumers marginally. The President threatened 50 percent tariffs for the European Union and a 25 percent tariff on Apple. Other technology companies could be exposed to the same price.

Since taking office, Mr. Trump has driven to realize his economic vision in order to combine generous tax cuts with extensive deregulation that he says that the American economy is being expanded. He has produced its steep, global tariffs as a political stain ulcer, which collects money, promotes more domestic production and improves the US trade relationships.

But for many of his signature policy, Mr. Trump has to prove that investors are wrong, especially those who give the government money by buying his debts.

So far, the bond markets have not been buying its approach. When Mr. Trump sees a “golden age” of growth, investors see an agenda that goes hand in hand with more debts, higher credit costs, inflation and an economic slowdown. Investors who once regarded the government's debt as a relatively risk -free investment now demand that the United States pay much more to those who give America.