President Trump's recent decisions may be as important to the United States as Brexit has been for Britain - said Bob Janjuah, Senior advisor at Nomura.
Like Brexit, Trump's decision led to a strong division in the country's administration, and only days later, several European investors decided to discontinue their investment in the United States.
Nomura also expresses another opinion. "Trump does what he promised on the eve of the election, and the markets apparently forgot about his postelection promises," Janjuah said.
By the way, the EU has announced that it will respond with retaliatory measures by introducing a 25% levy on imports of US goods worth up to $3.5b.
What do figures indicate?
25% steel import tariff and 10% on aluminum imports, will protect only 140,000 US workers and $36 billion. which enter the state budget. This, however, will be at the expense of the industries that consume these metals and provide 6.5 million jobs and bring about $1 trillion. in the budget.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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