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Donald Trump Selenarulovs highlighted on the delegates in the Davos Ski Resorts on Thursday, which is only a few days in his time the second office of the Oval.
Greetings, trading leaders and the European Central Bank’s president stopped in the world’s economic meeting, his first lion in return to the White House. Someone joked with pickup of Popcorn for the program.
Trump did not hesitate, aroused drench laughter while giving a series of requirements and comments to partners and competes with them.
Saudi Arabia and other devours have to reduce oil prices, middle-of-land banks “immediately” required to lower interest rate, and the foreign companies have to increase investment in factories Us or facing fees. EU – which comes for some opportunities – must stop hitting large US tech companies with competitive blows.
The President said: “We will seek respect from other nations.” His first successor had “allowed other nations to take advantage in the US. We cannot allow that to happen.”
Trump requirements have come in the first fake week where the President has notified the administrative orders not only intended to change the country but also to ensure the economic and the American business. Factors up to 25 percent can be hit in Canada and Mexico from 1 February, in the process of dealing with the business Trump in his first period.
China can face up to 100 percent if Beijing failed to sell at least 50 percent of a US company, but Eu was told to buy oil additional American if it wants to avoid charges. . In highlighting the new American behavior, Trump pulled out the US to the World Health Organization, as well as from the Paris weather Agreement.
Surprisingly Trump attached an invisible, 90-year-olds in the US tax code to scare double-impact when tax return for foreign people With companies if their countries were considered charged with “prejudiced” taxes to many American nations.
This suggestion presents “a hand bum” in the design of taxes, means Niels johansen, manager of Saïd Business School. This step suggests the willingness to “create a national tax policy by compulsory with cooperation”, adds to.
The plans revealed this week is the new President lifting a front-economic economic stress using the restored US economic power to stabilize international authority in his behalf.
The most important question, saying investors and policymakers, which is the same as a more powerful type of transfer, how to handle the circumstances seen in the first Trump’s time in Control, where the White House is not bound by international law blocks. Terrifies governments and foreign businesses.
“He is prepared for everything: business, powerful taxes. I am worried that the funds will have weapons, “said the head of one of the world’s largest wealth that regulates. “Most people gamble that you care about the stock market – it is just a check. That and the fact that you said you want to be a peacemaker.”
Davos, US main authorities They were eager to make Trump’s intention to make a sense of weak anxiety in a business branch about that the US can destroy the world’s rules.
Rates are “economic device. It is,” said Jamie Dimon, CEO of JPMorgan Chase, CNBC Davos discussion this week. “If it is cheap, but it is useful for national security, it is. Change that fact.”
The US stock market collapsed this week when investors thought about the debilitation of the debt and high-tech companies, as well as the announcement of greater growth. $ 100bn the artificial technological science project Published by Openai and Softbank. At the end of the week (from Friday evening New York), S & P 5nd list had risen at 1.8 percent.
Mahmood Pradhan, the world’s head in AMUNU investment institute, says: “In informal, people talk to the CEOs and say they all feel good.”
“If I wonder what justifies the animals of animals, the deletion of banks are true and the latest business expectations are real.”
However, outside the US, the threat of increasing business blocks and conflict with tax strategies affect economic expectation. Valdis Dombrovskis, EU Economic Commissioner, says that world trade will worry more about Europe, where the business makes over the fifth of GDP.
Quotes IMF indicating that there is an extreme part of geoeconomic fragmentation In business can delete 7 per cent of the world’s GDP in the middle. “If this world’s economic partition can sit – and there is a risk of that – it will have serious economic effects.”
However, even though they are looking for a billing attack, European policymakers claim that they see possible situations.
Alexander de Croo, the prime minister of Belgium, recalls: “It is a new environment that is certainly not easy for Europe, but also provides many opportunities. “Europe can indicate that we have a balance and that you are in an investment investment can be made.”
Europeans also say that they can benefit from serious business relationships with other countries that may be pushed out from the US markets. The EU High officer says: “Countries come to us because they want to separate from the US.
Spain Cuerpo Economy Says: “We need to remain open but without sense.” We need to make our companies compete with the same levels, the same levels as the match for a game with others. It was like in Chinese. It will be necessary to be the same with the US. “
Although the US and Europe has long blasphemed China trade practices, Beijing is faster this week to presented as a launch of land, based on the rules, based on its enemy.
When he speaked the day after Trump is in charge of the Chinese Prime Minister Xuexiang insisted that joining economic “is not ‘loss’, zero-sum” game. The largest lands of the world need “leading the leading” he said, praising international organizations including the World Trade Organization and UN.
China surprisingly presents a free fluency in Trump still wanting to get permission from his closest economic power did not lose the devors of the Davos .
In spite of the steps gap and the ribbed of the White House this week, most of the world’s policy manufacturers are taking a waiting process and in relation to the conclusion of long-term consequences for long-term effects for SA Economy of the world administration.
“Why do I put my cards on the table before putting them in?” means the EU High officer.
Jonathan Reynolds, UK trade secretary, believes there is “many questions” about the President’s method. “Is it about energy regarding the discussion? Is it about raising money in terms of charges? UK, says, it will continue to argue for the” more open economy of the world’s business. “
However, there is no small question that Trump shows a large increase in how you will use business as a weapon as compared to his first time.
“Those around Trump had time to create a systematic, business security strategy and it appears,” said Officer UK Allie Renison, who now communicating and Sec Newgate. He says, this method will be to create a “proof” cases against countries, and then use it to find treatments in the fields of economic and foreign policies.
The question is still in which Trump is willing to go far away. The danger of trampling in rules based on the rules, means Jeramin Zettelmeyer, a bruite tank head, is a total division of solving international disputes.
If Trump could come from many international designs, such as WTO or IMF, warning, then arrangements that help worldwide control can be “very damaged”.
Extreme, you add, “They really do puttle” – by breaking the holiness of international boundaries. To take control of Greenland or Panama Canal by force, as Trump is intimidating, it will be equal to “the restoration of the forest law”.
Michael Strain, a Customer Study Studies in the US Center, wondering what Trump will return “the main power” that runs the world’s economic integration – and whether the President wants to do so. But in spite of, you say, not confidence in his true purpose “makes it difficult for a business to preach, causing a negative effect of investment, and causing tension with our peers.”
Others warm against the wonder of Trump threats or his willingness in capitalism without limits, because his purpose did not meet.
Arancha González, the School of international Sciences in Sciences PO: “What we see is a great measure of American people. “Blindly blinded by the depth of all the content set on the table with Trump’s confidence. But we don’t even look up to the orange drug.”
More Harriet Report Agnew to Davos and Peter Foster London
Data view in Keith Fray
