Donald Trump’s commercial policy for the United States will not benefit, according to the chief economist of MB Associaados Sérgio Vale.
In an interview with CNNThe economist has argued that the US government’s actions are “completely wrong” and could lead to negative consequences for the country’s economy.
Vale pointed out that the American economy is “very strong” and is mainly based on the services sector, not in this industry.
“This service economy also depends on a good relationship with other countries, especially countries that have always been friends with Americans,” Fall said.
The negative effects of consumers and companies
According to the economist, Increased rates will lead to more expensive products for consumers in the United States,, Which may lead to a decrease in consumption, and thus, to the impoverishment of the population.
“You will have an old, poor and low technical industry,” he said.
Vale male also Apple case as an example of a company affected by Trump measures.
He explains that with one of its main factories in China, the company can face difficulties in maintaining competitive prices, which can avoid consumers not only in the United States, but around the world.
Shying economic views
Economist provides a scenario to increase inflation and Possible economic recession in the United States as a result of Trump’s policies.
In addition, Vale criticized discounts in investments in education, science, technology and innovation, areas that were historically the basis of American economic growth.
“It is not a country that will already be able to generate high -quality industrial growth, and it will be a low quality industry, a man, and a In fact, it will move more, the United States from the rest of the worldVale concluded, expressing his concern about the country’s economic future under the current commercial policies.
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