Trump fires first salvo in multifront trade war – Danske Bank
Trump fired the first shot in a multifront trade war on Saturday when tariffs on
Mexico, Canada and China became a reality, Danske Bank analysts Senior Analyst and Chief Analyst note.
Impact on US economy to be moderate for now
"The tariffs are linked to border security and thus could be removed or reduced following negotiations. However, there is also a risk we see a tit-for-tat escalation in the short term. We also expect to see more tariffs on China later this year and that EU and possibly other countries will be hit as well before long."
"US growth may take a moderate short-term hit but fiscal easing keeps the medium term outlook broadly unchanged for now. Inflation will see a modest one-off impulse."
"The biggest impact for now may be the uncertainty the global economy is faced with, and supply chain planning for businesses have only become more tricky."
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.