Brit Hume: Trade Wars Don’t Have a Lot of History of Working out Very Well for Any Party Involved in It

EXCERPT:

HUME: “Well, there isn’t much that’s happening right now, Bret, that’s going to give investors a peaceful, easy feeling about the state of the economy, and therefore the state of the markets, which have been turbulent, but mostly down now since the announcement of the tariffs, what, a month ago. And now the president is just calling for the departure of Fed Chairman Powell, who, you know, whatever you think of him and what do you think interest rates should be lower, as the president certainly does, or whether you don’t, that’s another element of instability in the current financial outlook. And instability is something that markets do not like and economies really don’t either because when people are uncertain about what the future lies, they’re hesitant to invest in, to hire and to do the things you need to have an economy go and grow, which is obviously what the president is seeking. So he may win in the end, but trade wars don’t have a lot of — a lot of history of working out very well for all — any party who’s involved in it. So I think that’s where the worry lies now, compounded by the — by a fight with the Fed.”