Trump sticks a shot in the foot with his commercial war: thus the US economy hit their measures

Donald Trump imposed duty Because, according to him, his business partners had been “taking advantage of” from the United States “for years, years and years.” The Republican president signed, signed and signed measures to, as he said, relaunch the economy American, but The result is rather the opposite.

And it is that the forecasts for the Gross Domestic Product (GDP) collapsed: last week the Federal Reserve went from saying that the economy of the American country would grow by 2.3% to talk about a deceleration of 1.5 points, but now it is now forecasting a 2.8% sinking. More than five points less than just seven days ago.

Raymond Torres, Director of International Training and Analysis of Funcas, explains that “is a strong deceleration of the American economy as a consequence of Trump’s policy “, which” is generating the opposite of what he intended

Before his arrival at the White House, the Atlanta bank provided for a slight increase in a consumption that, with him and his tariffs, now falls 0.5%. They also fall Exportswho foresee that they go from a slight fall from 0.4 to a great fall of 3.7%, again because of their commercial war. This, without counting on the Labor fall In many sectors as a result of its program of mass deportations.

“A tariff policy what generates is a higher price level within the country And, in addition, what is generating is a Dolk value drop“, points out Massimo Cermelli, professor of economy at the University of Deusto. Trump’s measures, yes, will harm global commercial relations, but will be even more negative for the United States.

Source: Lasexta

You may also like

Immediate Access Pro