Expert, strategic and economic analyst, Director General of the Hopkins Center for Strategic Studies, engineer Mohannad Abbas Haddadin, said that in an unusual precedent for interfering in US monetary policy, US President Trump waved the dismissal of US Federal Reserve Chairman Jerome Powell in case of non-compliance with his decision to reduce interest rate, for which Trump wants to prove to the US people in particular and to the world in general that he is the savior of the US economy, through a series of actions that he took during the three months of his presidency when he raised tariffs on 184 countries, which introduced the world the spectre of recession is dominating the world.
اضافة اعلان
When Trump wanted to reduce the interest rate, he indicated that he was the one who lowered oil prices so that everyone would enjoy its consequences from a reduction in prices, but he did not know that this reduction in oil prices was caused by fear among companies, factories, world markets and investors of the upcoming and the expected consequences of Trump's decisions, where it is expected that production and investment will decrease, unemployment will increase, and there will be a shortage of industrial and food goods, and as a result of the interest rate cut, prices will rise significantly, bringing the world into a deep stag flation, in a scenario of conflicts in economic tools, which the US Federal Reserve has sought for 3 years to save the world from inflation almost got him into this recession .
What the world is waiting for from the coming days in case President Trump does not represent work with the global trading system is that the United States, with the passage of his years of rule, will become completely isolated economically, so that there will be more than one global economic alliance, the largest of which is the ASEAN alliance with BRICS and another European alliance with other countries.
The United States contributes less than 10% of world trade amounting to 33 trillion dollars, as the dollar has become at stake as a result of these Trump measures, and we are still following the daily Trump Series as we approach the ninetieth episode, each episode of it is an interesting drama because its immediate repercussions on the global economy have put the best economic analysts and global expertise houses in surprise and bewilderment.
