Candidate of Economic Sciences and financial analyst Mikhail Belyaev said that the beginning of the reign of US President Donald Trump has led to a feeling of instability in the world. He assessed the consequences of the change in US leadership for the world economy in a conversation with Lenta.ru.
According to the economist, no fundamental changes have occurred. Thus, the exchange rate relationship in the field of foreign exchange and oil prices remains unchanged, the flow of goods between countries continues to grow.
“There were no special consequences for the global economy, because he, introduced seemingly incremental tariffs and stunned the whole world because of this, since most countries then either canceled them due to a special agreement or postponed them, as in the case of China, for a certain period with the general understanding that this would be postponed several times,” Belyaev shared.
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However, because of this, businessmen have a feeling that there is instability and chaos in the world, so they are in no hurry to develop their programs, the economist points out. He called the uncontrolled rise in gold prices a sign of humanity's anxiety and lack of understanding about how events will develop.
“Almost nothing has changed, except that the idea that the world is still divided into two hemispheres has become stronger. The first hemisphere is Western, as usual, dominated by the United States, and the second hemisphere is united around the South, Asia, around China,” concluded the Lenta.ru interlocutor.
Previously, the founder of hedge fund Bridgewater Associates, Ray Dalio, predicted that the US national debt under Trump would increase by $17 trillion.
Previously, the head of the White House called those who opposed tariffs idiots and explained the benefits for the country. According to him, the states will soon begin to pay off the huge national debt thanks to new taxes.
