US equities tumble after Trump cancels stimulus negotiation

Christel Deskins

Wall Street slumped on Tuesday after President Donald Trump called off talks on further coronavirus stimulus until after the election. Thus, equities reversed the robust gains from Monday and continued their wobble moves. Initially, stocks extended their bullish stance, but Trump’s tweets announcing the abrupt halt of negotiations spoiled the […]

Why Trump lost his battle against the trade deficit

Christel Deskins

The monthly deficit in U.S. goods trade with all other countries set a record high in August at more than $83 billion. Trump has blamed the trade deficit on bad trade deals negotiated by his predecessors and unfair trade practices by other countries, but most economists disagree with that explanation. […]