The united states of America is that country which is considered as the most powerful nation in whole world because of its economic and political power. However, the country has faced lots of problems of less job creation, slow commercial growth rate in last one decade. But, a recent report shows that under Trump administration, the US might break the record of creating most number of jobs for unemployed people in next month. US Labor Department recently released a statement in which it stated that they are expecting a higher number of posts in labor market next month. Trump administration has significantly put lots of focus on creating jobs for citizens of this country, and now it seems like they are achieving their goal.
Federal reserves recently said that they are going to cut rates of interest if the situation between US-China goes on for a more extended period. A few months ago, Trump started a trade war, which is now becoming a significant threat to the country’s economy. The decision of putting more than twenty-five percent of taxes on Chinese imported goods is still one of the bluntest decisions Trump has ever taken. Trade war tensions are not getting slowed down between two countries. China, on the other hand, is trying to come up with their own version of tariff attack in which they are preparing the list of “unreliable entities.”
In this list, they are going to put those companies names with whom country might never do business again. Even though Labor Department of USA says, that country is going to receive many jobs in next months, which is a good thing. However, rising trade disputes with China and other countries like Mexico, India is also becoming a headache for US economy. The situation as of now is more of a dilemma but many experts are predicting a recession if Trump goes with his plan of putting twenty-five percent of heavy taxes on Chinese goods.