US increasingly resemble an emerging market
The United States is more like a newly emerging market than a developed country, said EURONEXT Exchange Governor Stefan Bugna at a time when Financial markets remain uncertain After duties, Reuters reported.
« Fears are big and grow, » said Bugna, who runs the Pan European Stock Exchange, in an interview with the French Inter Radio.
| « The United States is unrecognizable, we are in transitional period. There is certainly a certain form of regret because the United States, which we know in the past as a dominant nation, with solid institutions and values like those in Europe, is now more like an emerging market, » said Boogen. |
According to him, the world’s financial markets work with various assets in order to adapt to the United States, which have become unpredictable after the president Donald Trump It has announced world duties on US imports.
Economists sharply attacked Trump’s formula to calculate the « reciprocal » duties
According to Trump, the basic duties of at least 10% over the entire imports of the United States, along with purposeful duties reaching up to 50% for some countries, will help the United States restore its industrial base, which, according to Trump, has lost significantly in the decades of liberalized trade.
According to Bugna, the good news is that oil prices and long -term assets have dropped, with cash flows coming out of the United States to be reinvested in Europe.
