United States President Donald Trump may seek a new world based on the doctrine of “first America”, but in trying to limit inflation, the US may end up last. This is because, while the duties increases it has imposed are expected to raise prices inside the country, may help reduce inflation in Europe. The causes are many, from the possible increase in cheap Chinese exports to Europe to recent aid of the euro. In addition to the benefit of consumer pockets, lower inflation offers European policy -making managers to reduce interest rates if the economy is needed, while the US may find it difficult to reduce borrowing costs if the world’s largest economy needs stimulating. As Nomura economists, a global financial service, notes, this is just one way Trump could “make Europe great again”. Forecasts by […]
Source: News Beast
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