It's the president's own policies that are contributing to slower global and domestic growth.
Central banks, both at home and abroad, have done, and continue to do, everything in their power to keep the global economy afloat. President Trump, rhetorically and in real terms, has been fighting them every step of the way.
Mario Draghi indicated the ECB could add fresh stimulus to a struggling eurozone economy, a comment that has pushed German interest rates deeper into negative territory and has driven the euro down to $1.11. The biggest reason the euro is weakening is not currency manipulation but the fact that the U.S. is still better off than the rest of the world. Positive interest rates in the U.S., in contrast to $12 trillion in negative yielding sovereign debt around the world, is drawing investors into U.S. Treasury bonds, pushing up the value of the dollar. Rates in Germany and Japan aren't necessarily negative because of central bank intervention — that would be confusing cause and effect.
Even more ironic is that, outside of the tax cuts and deregulatory efforts, it's Trump's own policies that are contributing to slower global and domestic growth. The "hot" trade war with China is affecting U.S. industries and consumers. Irrespective of one's view of the immigration debate, the U.S. has a critical shortage of labor, not jobs. There are 7.4 million open jobs in the United States, while 6.3 million Americans are unemployed. Even if every American who wanted a job had a job, there would still be over 1 million jobs that would remain unfilled. Given that the U.S.
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