RE: Exchange Rate17 Mar 2025 11:15
On 2nd April, he will impose Global tariff's.
He needs the Tariff's to get cash in to reduce the deficit and fund his tax cuts to his mates..... but it's a stealth tax on all the American people, as all prices will go up. Nobody will be able to decide whether to invest or not invest in expansions, so the jobs market will dry up, Inflation will rise, and the US will go into Recession.
Yes he's done a great job with the border, and I also believe his done a great job scaring Europe into actually funding it's own Defence, but he's trashed American peoples 401k's, Inflation is going to go up and I will be out of Carnival after Friday's results, unless Friday's results tank the price so much that there's no point in selling anyway.
The UK GDP is tanking as well, and they can't fund the UK within the budget Labour have set, so either the change the logic of the budget limits, or they freeze allowances until 2030 at least, which will only go part way to plug the gap anyway, so they will have to increase taxes in some way, which in turn will reduce spend and consumer confidence.
The UK and the US will both be in a bad place within 3 to 6 months unless they both change path dramatically within the next couple of weeks.