Donald Trump and his team pursue economic shock therapy
Donald Trump and his team of economic advisers are advancing, trying to radically transform the US economy from the tempest to the tempo.
The economic axis focused on aggression Tariffs: And the significant reductions of government expenses have been sent to shares that have been re-elected and caused concern about the possible slowdown in growth in the world’s largest economy. But the victory in recent days has claimed that he will last.
“Markets are going to climb, and they are going to go down, but you know what we need to rebuild our country,” said the President on Tuesday.
He later added a speech to the heads of large American companies that the charges against the largest trading partners in America were designed to promote homework and industrial production. “The biggest victory [businesses] Move our country and create jobs. It is more beneficial than their tariffs, “he said at the round table.
Spokeswoman for the White House Karoline Levit announced on Tuesday earlier that Trump’s administration launched an “economic transition”.
“The President is unbreakable in his commitment to restore global dominance,” said Levit, because “the last global age of America is coming to an end” and will be replaced by “the first economic agenda of America”.
Trump tap former business managers to guide his economic efforts. But compared to his first duration, the new team lacks numbers such as Former Goldman Sachs Executive Director Gary Kon and former Treasury Secretary Steven Mnuccin, moderating his or her size of economic shocks.
Instead, high-ranking officials support the president’s message that the United States may need a period of falling during the need before they reap their demand.
Monday reported by Knbc that Kevin Hasett, Kevin Haset, the WB, is still “many reasons for going”, “in the first quarter of this year” is “in the first quarter of the data”.
Treasury Scott Bestenti memorials – the former manager of the Foundation of HEOV, initially welcomed Wall Street as a mediator that the US economy should be “garbage collection” among importers.
“Their approach is that you can’t make watercord without breaking any eggs,” said Paul’s Mortimer-Lee of the US National Institute of Economic and Social Research. “Trump has always said that pain will be before you get. I think he will leave at some stage. If [stock markets] They get down by 20 percent, someone will be to blame, someone will get the bag. “
In November, Bainan also supported another wide scene among Trump’s economic team. If they don’t, they will no longer be seen as allies and facial tariffs and fewer security guarantees.
While yours was publicly stood in the post of the head of the National Economic Council against tariffs and eventually resigned after losing steel and aluminum charges, the current consultants of the victories were prone to special disagreements.
Approach differences.
It gave more power to Trump’s loyalists such as Peter NavarroA sustainable supporter of aggressive commercial policy, which often struggled to receive his views, to enter politics during the first administration.
During the second term of the President, the rise of more radical figures has helped to turn the initial inclusion of shares in the conditions of tax cuts and prettiness promises. March Because investors wake up in such a way that the administration is to nominate the determination of the administration on its agenda.
The possibility of more punitive tariffs in Mexico and Canada, two largest trading partners in the United States, have driven the sale of the stock market on the EU and other traditional allies.
” [businesses and investors] They have begun to see the impact they have, they realize that these tariffs are really murderer, “said John Lleldi, regardless of economics. “They work exactly in the opposite direction for everything that brings prosperous for 80 years of World War II.”
The climate of the uncertainty surrounding the new administration is also the second largest markets on what comes next, the investors of which are practicing their economic team.
At the beginning of this month, Lutnich said he was discussing the government’s growth faculty through the US Faculty of Growth Faculty through the US Faculty of GDP through the US Faculty of Growth.
“We have seen it in no less important investments to bring to China, so far as it can trust if people lose confidence, including data. “People think that the authorities need to hide something, and therefore the economy must be less good.”
Market manipulation of the so-called Mar-A-Lago agreement. At the end of last year, Trump’s Economic Advisers Stefan Miran was dreamed of weakening the dollar on the complications of the US treasury market.
The idea, Miran, is his Noyemberyan newspaper. These countries are participating in the current reserves of the US government’s debt due to the guarantees of the century bonds and security.
Some believe that the idea of ​​loosening the “dollar”, which is proposed by Miran and Bessi, would aim earlier an agreement signed at Plaza Hotel in New York.
“For Plaza [Accord] Of course we had [James] Bakers and [Ronald] Reagan and they were artists to make friends and influence people. Thus, they received a lot of people on the ship, “said Steve Hassic, a professor at Hopkins University, who served under Reagan’s administration. “I really can’t think of any country other than perhaps Argentina, which is very friendly with the United States.”
Hanke added. “The idea of ​​getting the ball together. I mean, do you imagine that China agrees to it? ”
Additional Steff Chávez reports in Washington. Oliver Reder’s data insight in London