$33 trillion in global trade at risk because of Trump
news.online.ua
Wed, 02 Apr 2025 15:04:18 +0300

Trump is capable of destroying the global economyA statement on this occasion was made by Nomura Holdings Inc.
Chief Economist Rob Subbaraman.He points out that the lack of details about the structure, size and purpose of the tariffs has left the world flying blind.According to the expert, about 33 trillion in global trade could be affected by Donald Trump.It is also impossible to ignore the fact that the global trade policy uncertainty index soared to its highest level since 2009 on April 1.A group of economists from Goldman Sachs Group Inc.
has suggested that the average U.S.
tariff for all countries in 2025 will likely increase by 15 percentage points.There is a high probability that this, in turn, will trigger an increase in core inflation, weakening growth and increasing the risk of recession.
Under the maximum approach, average tariff rates in the US would increase to 28 percentage points, leading to a 4 decline in US GDP and an increase in prices of almost 2.5 over two to three years.
Latest news
