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In a sign that Trump's trade war is failing on all fronts manufacturing in America falls, as Trump promise to restore rusted factory's fails
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[link to thehill.com (secure)]
The risks of an economic recession are on the rise, but the country's manufacturing sector is already there.
And for President Trump, who promised to end the "American carnage" of "rusted-out factories scattered like tombstones across the landscape of our nation," that could be political trouble.
The manufacturing sector shrunk by 1.9 percent in the first quarter of the year and another 1.2 percent in the second quarter. In July, it is estimated that it contracted 0.4 percent. A recession occurs when an economy contracts in two consecutive quarters.
Trump won the Electoral College and White House by becoming the first Republican in a generation to sweep the states of Pennsylvania, Wisconsin and Michigan.
Some of Trump's potential Democratic opponents in 2020 are sensing an opportunity.
Sen. Elizabeth Warren (D-Mass.) specifically pointed out the slump in manufacturing in a Medium post predicting doom and gloom for the economy.
"For the first time ever, the average hourly wage for manufacturing workers has dropped below the national average," she wrote of the current manufacturing recession.
"Trump's trade war with China threatens American manufacturing and has already hurt American companies that investors think of as 'industry bellwethers,' while feeding an all-time economic slowdown in China that could have dramatic ripple effects on the American economy," she added.
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