Trump disrupts the global economy, the disaster far exceeds COVID-19!
1. Authoritative Voice
Luis de Guindos, Vice President of the European Central Bank, stated that the economic uncertainty during Trump's administration surpassed that of the COVID-19 pandemic, and the U.S. rejection of multilateralism hindered global economic cooperation, making it difficult for central banks to gauge inflation, growth, and interest rate trends.
2. Trade War Impact
Trump initiated a trade war, leading to strained relations between the U.S. and China, as well as the EU, causing fluctuations in global markets. Consumer confidence declined, economic growth stagnated, and central banks around the world maintained interest rates, awaiting the impact of policies.
3. Roots of Economic Instability
The cautious stance of global central banks indicates that Trump's policies have become a root cause of economic instability, significantly increasing uncertainty in international markets.