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The country’s presidents have more influence over long-term trends than short-term fluctuations
President Donald Trump regularly thumps his chest and claims credit for each new uptick of the fast-growing US economy. But when it comes to economic performance, the country’s presidents have considerably more influence over long-term trends than over short-term fluctuations.
Trump’s tax cuts and spending hikes have indeed provided extra short-term stimulus. So, too, apparently, have foreign buyers of American products such as soybeans, who are rushing to stock up before the tariff war fully heats up.
Continue reading...from US news | The Guardian https://ift.tt/2niwszM
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