The tasks brought by the administration of American President Donald Trump were much higher than expected, a slowdown in economic growth may occur. This was stated by the president of the US Federal Reserve system Jerome Powell in case of Chicago Economic Club. Cnn.
According to Powell, the permanent uncertainty around the tariffs can cause long -term economic damage. The US Federal Reserve System President said that the economic consequences of tasks may be in the form of unemployment, slowdown in economic growth of the country and high inflation.
“We can find ourselves in a difficult situation when our double targets are contradictory,” Powell said.
16 April World Trade Organization I got worse 2025 to 2.2% – 0.6 percent for the growth of global GDP. Less than previous expectations. The main reason for this was new trade duties and instability in international politics.
Itself announcedThe United States receive a record amount of money thanks to imported imports.
Previously, the USA under threat China’s tasks up to 245%.
What are you thinking?
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.