look news india
Washington: Falling growth in the global economy, huge debt and ever-increasing wars were the main issues in the joint meeting of two global financial institutions. But, the important issue in the meeting of these two organizations is that if Donald Trump wins again, what will be the impact on the global economy? The same thing was happening.
Recent pre-election surveys found Republican Trump ahead of Democratic candidate Harris. In addition to these two global financial institutions, officials from countries around the world involved in financial matters, central bankers and leaders of civil society groups participated in the conference of those global institutions held in Washington last week. They also fear that considering the possibility of Trump's victory, if Trump becomes the President of America, there will be a huge increase in tariffs. At the same time they will increase debt-issuance (printing of notes) by trillions of dollars, and are expected to increase the production of fossil fuels (petrol etc.). This will harm the environment but they are not worried about it. This is a big fear.
“There is a lot of uncertainty about who will be (US) president,” Bank of Japan Governor Kazuo Ueda said. At the same time, everyone is also worried about what the policies of the new President will be.
Another banker, on the condition of anonymity, clearly said that it seems that Trump will win. This is shocking.
Trump has asked every country to impose a 10% tariff on imports and a direct 60% tariff (import tax) on imports from China.
German Finance Minister Christian Lindner told reporters on Friday that both would suffer losses in the US-Europe trade war.
Conversely, if Kamala becomes president, she is more likely to continue Biden's policies. Biden believes in multidimensional government. Kamala would follow suit, although she would also pursue corporate-tax debt relief, development bank reform like Biden's, but much less than Trump's.