Global issues such as the trade war between the United States and China, discord resulting from the decisions made by the Organization of the Petroleum Exporting Countries (OPEC), and concern over Brexit – the impending withdrawal of the United Kingdom from the European Union – have left nervous sentiments in the market.
Once in office, President Trump wasted no time in exercising his new economic power on countries that we have been doing business with for years. He may well be within in his right to renegotiate existing deals and expect huge revenues as a result. Let’s not forget he has also slapped 25 percent tariffs on millions of dollars of goods from China, and will be taxing automotive manufactures that trade with the U.S.
The numbers are in and the government reports that the gross domestic product grew at a 4.1 percent annual rate in the second quarter, up from 2.2 percent in the first quarter. By many metrics, the economy is in excel
