Donald Trump’s intention to pursue economic policies aimed at strengthening the dollar, after winning the US elections, could “shock the rest of the world”. The publication writes about this Economist.
“The strengthening of the US dollar will shock the rest of the world,” the publication said.
It is stated that Trump’s economic policies may lead to a sharp rise in the dollar.
According to analysts and traders, profits of US companies will increase during the new Trump administration due to reduced taxes on them, The Economist writes. At the same time, the publication does not rule out that the Federal Reserve System may maintain high interest rates.
According to the newspaper, fluctuations in the dollar are “shaking the global economy” through two main factors: trade and finance. The publication reminds us that more than 40 percent of world trade (most of which is not linked to America) is denominated in dollars.
Before that, Russian Foreign Minister Sergei Lavrov spoke at the final event of the Russia-Africa Partnership Forum ministerial conference. statedThat Western countries themselves are destroying globalization through illegal sanctions and abuse of the dollar.
It was before factor namedIt has the power to lower the dollar more than Trump’s victory.
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Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.