Morgan Stanley Warns Investors Trump’s Refusal To Drop Tariffs Hurts Global Economic Growth

Prince Andrew tried to cover his Jeffrey Epstein loving-butt when the BBC asked him why he got involved with the investment tycoon. Andrew denied he was into the hanky-panky Epstein had going on in New York and around the world. Andrew is the Queen’s favorite son, so she stood behind the prince when another woman told the press she and Andrew partied together.

The cell guards responsible for watching Epstein during his incarceration got fitted for orange jumpsuits for sleeping and shopping the night Jeffery met his maker. Several news reports claim Epstein didn’t hang himself. Those reports claim Epstein was the victim of a plot to protect high-powered men who liked to party with the millionaire.

China’s top negotiator Liu He talks to U.S. negotiator Bob Lighthizer daily. Both men thought the phase one deal would make it to the finish line, but Trump decided he won’t drop the tariffs, reports CNBC.

Liu He asked Lighthizer to drop tariffs on $360 billion Chinese products. If that happens, China would buy $20 billion in farm products. Liu He sweetened the deal by claiming China would open its market to foreign investment, and they would put an end to intellectual property thief. Lighthizer thought that deal made sense. But when Bob told the president what Liu He said, the Trumpster told Lighthizer he won’t reduce the tariffs until China agrees to his terms.

Mr. Trump continues to intimidate impeachment witnesses. Pence aide Jennifer Williams sat in front of Congress and told lawmakers she listened to Trump go off-script during his July 25th conversation with the president of Ukraine. Williams thought Trump’s comments were inappropriate as well as unusual. Trump called Williams a Never Trumper while she sat in front of Congress. Mr. Trump also said he didn’t know Lt. Colonel Vindman, but he thought Vindman might love Ukraine more than the United States even though Vindman received a purple heart during the Iraqi war.

The impeachment hearings, as well as Trump’s refusal to end his tariff wars, hurt America’s economy. The impeachment hearings hurt consumer confidence, and Trump’s tariffs reduce the amount of money consumers spend.

A Morgan Stanley economist thinks the global economy will continue to erode as long as Trump’s tariffs are in place. Even though Fed Chair Jerome Powell and Europe’s Central Bank President Lagarde try to keep the U.S. and European economies afloat with interest rate cuts and other financial stimuli, the tariff damage won’t go away unless Trump decides a partial agreement is better than no trade agreement.

Dil Bole Oberoi