Donald Trump’s aggressive tariff policy aims to restructure the US state business through pressure on creditors. This view was expressed by German Economist Hans-Ranger Zinn, reports Tass.
Zinn, “the introduction of tasks is not an attempt to restore the industry, but a way to force creditors to accept short -term bond shopping for low -rate 100 -year -olds,” he said.
According to him, this will reduce the US expenditures for interest payment, which will make up 11% of the budget.
“This would be great financial aid for the United States,” he said at a conference for the Economist Swiss Economic Policy Institute.
Before that announcedThe trade agreement with the European Union (EU) will result in 90 days.
In early April, the United States officials brought a new customs duty system, where the base rate on imported goods was 10%. For some states, this indicator was much higher, and at the end of tariffs for Chinese goods, it reached 145%. In contrast, China increased its tasks on American products to 125%. Who will win in the conflict between China and the United States and what results are waiting for Russia: Answers to the most important questions about the trade war – in the material “Gazete..
An investor before discretion The possibility of shatdown in the United States in 2025.
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.