Donald Trump tweeted in May that by imposing a 25 percent tariff on $250 billion of Chinese goods “China would greatly slow down, and we would automatically speed up!”
But that’s not what’s happening, the Organization for Economic Cooperation and Development (OECD) reported today. Economic growth is easing in developed countries with one big exception – China.
In a report released today, the OECD provided four revealing graphics covering the United States, the 32 OECD countries from New Zealand to Austria, the Eurozone which uses a common currency and China.
View the complete June 16 article by David Cay Johnston of D.C. Memo on the National Memo here.