Trump makes the economic climate more turbulent

Luis de Gwindos, Vice President of the European Central Bank, said that Donald Trump’s political attacks are translated with greater “doubts” related to what matters were during the Kofid 19 pandemic.
And that the possibility of Washington imposing and imposing its partners is “a lot of doubts and makes the current situation very volatile.”
He continued, “It appears that every day a new tax is imposed, or a declared tax is canceled.”

Donald Trump’s decisions

Since his return to power in January, the US President has launched commercial attacks against his allies and competitors, on the pretext that the United States is unfairly dealt with global trade exchanges.
Louis de Gwindos stressed that everyone will lose in the trade war because it will curb growth by increasing prices.
He pointed out that the Trump administration’s financial liberalization is another source of uncertainty, as is the case with lowering taxes on corporate profits, which may affect the flow of capital through Atlantic.

European re -arms plan

He explained that the armament plan presented by the European Commission and aims to increase the spending of member states at a level of 1.5% of GDP is “definitely a decision in the right direction.”
However, the absence of details prevents our accurate evaluation of its repercussions on the economy, as Louis de Gwindos stressed.

Inflation in Europe

He stressed that despite doubts, the process of reducing inflation is proceeding on the right track, and it is confident that inflation may reach a sustainable manner towards a target of 2% “by the end of the year or early next year.
The institute determines the stability of prices at this level, which enhances the confidence of families and companies for consumption and investment.