Odaily Planet Daily News: Jim Rogers, a renowned investor who co founded Quantum Fund with George Soros, has harshly criticized the economic impact of US trade policies under President elect Trump's "America First" strategy. Rogers recently stated in an interview that trade restrictions against countries such as China and India not only harm global economic stability, but also harm the United States itself.
He warned, "Trump's' America First 'policy will not only harm China, but also the entire world. Trade controls are not beneficial to anyone. This is not beneficial to the world or his own country
Rogers emphasized the domestic financial issues in the United States, pointing out that inflation and increasing national debt are serious threats to the US economy. He emphasized, "The United States already has economic problems, including inflation. Although central banks around the world are cutting interest rates, the issue of inflation has not been resolved. The trade war will bring inflation back, and it will be even more severe
He foresaw that this event would have a wide-ranging impact and added, "The United States is deeply in debt. When Trump tries to solve economic problems, he will make mistakes, which is not good for the world. This will affect the entire world, and we will see the largest economic recession in history." (Bitcoin.com)
