None of these trade-related developments would by itself make much of a difference to the U.S. economy. But that fact that they are all occurring almost simultaneously is likely to magnify their impact.
Trump’s re-election is far from certain, of course. He is historically unpopular for a president with an economy this strong, and risks remain for manufacturing in swing states. Nonetheless, his chances are better at the end of this year than they were at the beginning.
This article was provided by Bloomberg News.