US markets may encounter a triple blow – the risks of inflation, threats of tariffs and an imperfect fiscal policy will create conditions for selling assets.
The likely resumption of trade tension and inflation risks can provoke a new volatility in the US markets, putting pressure on promotions, bonds and a dollar.
On July 5, the economist and a supporter of gold Peter Schiff published several posts on the social network stating that the new wave of tariffs will again shake the markets:
He also questioned the statements of US President Donald Trump on a trade agreement with Vietnam. Trump claims that the transaction will introduce tariffs in the amount of 20–40% for Vietnamese goods.
Economist Peter Schiff explained the true state of affairs:
As for the fiscal policy, the expert is confident that Trump’s tax benefits are structurally erroneous, since they do not affect the side of the economy’s proposal. According to Shift, such measures will ultimately strengthen the load on the economy:
Instead, they will lead to higher interest rates in the long term and inflation.
Schiff emphasized that for sustainable growth, incentives for savings and investments are needed, and not just short -term consumer incentives.
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Source: Cryptocurrency
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