Trump fears political price from oil spike, market turmoil

President Donald Trump is fretting about two rising global challenges that threaten a political gut punch as he gears up for his 2020 election bid — a possible oil price hike and market shocks triggered by his trade wars.

Both crises will test Trump’s capacity to work his will on the world stage as well as the strategic viability of his “America First” foreign policy. A tariff battle with China is highlighting a growing great power rivalry. And Russia’s role as a top energy producer with a vested interest in setting global oil prices could open new fronts in a widening confrontation between Washington and Moscow.
The Dow is on track to slide 400 points at Thursday’s open after Huawei CFO Meng Wanzhou was arrested in Canada — renewing doubts about the US-China truce…
Posted in: Daily News

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