President Donald Trump Is "Very Seriously" Thinking About Curbing Diesel Exports, but the Repercussions Could Be Disastrous
Partially or fully banning diesel exports would backfire in three separate ways.
Overview
Throughout most of Donald Trump's presidency, the stock market has been virtually unstoppable. The mature-stock-driven Dow Jones Industrial Average (DJINDICES:^DJI), benchmark S&P 500 (SNPINDEX:^GSPC), and innovation-inspired Nasdaq Composite (NASDAQINDEX:^IXIC) have delivered higher average annual returns under Trump than under most other presidents since the late 1800s.
But the outperformance of Wall Street's major stock indexes isn't accurately reflecting many of the challenges facing the U.S. economy at present. Chief among these headwinds is Trumpflation (inflation that's been directly driven by Trump's policies).
Details
While the president believes he has a quick fix for what ails consumers' and businesses' wallets, there's a very high probability that it would backfire.
Source
Originally published at www.fool.com.