The powerful US President Donald Trump not only wants to save American industry, but also create a new world order. This reveals the plan of his nearest economic adviser, according to which Trump wants to weaken the dollar specifically. But the game is dangerous.
Time and again Trump reproduces throughout Europe. The EU operates the United States, not only militarily, but also economically. The Republican refers to a huge trade deficit – and only tells half of the truth. Although the United States actually imports considerably more EU goods than the other way around, it is different for digital services (see graphic).
“If you collect services, the surplus shrinks up to three percent of the trade volume of 1.6 trillion euros,” emphasizes Wifo economist Harald Oberhofer. Punishes rates on whiskey and jeans will hardly impress Trump, but measures his friends in the technical industry, on the other hand. ‘But behind the very unorthodox economic policy seems to be an even greater master plan.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
