WASHINGTON If the economy slides into recession in the next 12 months, Democrats will be handed a ready path to run against President Donald Trump. Theyll blame him for the downturn and point to his trade war with China, an argument supported by many economists.
Trump, in turn, is faulting others for the economys hiccups: Federal Reserve Chairman Jerome Powell, badly run and weak companies and why not? the media.
The president has reason to worry. His latest round of tariffs on imports from China covers far more consumer goods than before. JPMorgan Chase estimates the tariffs could cost an average American family as much as $1,000 a year, enough that many voters will notice.