Currently the United States economy suffers the consequences of the economic policy of the Government of Donald Trump. Also distance to their allies and partners worldwide. With its intimidation tactics it encourages instability.
The economic growth for this year of the US, according to the International Monetary Fund, will be only 1.4% unlike 2024 which was 2.1%. The decline in confidence in the US economy is manifested in the 10% drop in the dollar against the euro and the Swiss Franco. Canadian tourism has dropped to 40%, unprecedented level. Immigrants are on alert and fear for repressive decisions. Immigrants represent 30% of the workforce in the hotel and 75% of the agricultural workforce.
Mass cuts with chainsaw in the budget to support basic science are affecting the growth of economy productivity and its leadership in innovations. It is worth highlighting that the investigation and development financed by the federal government generates the fourth part of the growth of the productivity of the business sector since World War II.
With budgetary restrictions, socially displace the income of the poor towards the rich, they leave 18 million people without medical insurance, as well as 3.2 million adults and one million children without food assistance. And the federal government debt is added in 3 billion dollars, which in a high proportion is in the hands of Chinese banks.
Demond Lachman says: “From his return to office, US President Donald Trump has systematically destroyed the confidence of markets in the US dollar and economy. If he refuses to attend his warnings, as it seems likely, the United States should prepare for a crisis of the dollar and the bond market on the eve of the intermediate elections next year.”
The decisions of the Trump government are of specific interests. For example, he has announced a 50% tariff for imports from Brazil. This country, like China, is part of the BRICS group that represents 35% of world GDP and has diverse alliances and a high world prominence. With Mexico, the tariffs that have imposed on it reduce its competitiveness.
Latin America is brought into a tunnel where there is economic stagnation, social frustration and political chaos. Latin American cooperation dreams are only dreams.
In front of the United States, prudence and negotiating capacity are necessary.
