By Admin 
Trump tarifs: US President Donald Trump has agreed to interact with his business rivals China, taking a soft stand on tariffs. He has claimed that talks on tariffs between the two countries have also started. Speaking to reporters at the Oval Office, the US President said that he is confident that the world’s largest economy can compromise to eliminate a big trade war. In such a situation, the question is arising that how the Trump, who has taken a soft stance on Beijing, is now ready for the conversation.
At the time when Trump waged a tariff war, his goal was very clear that China’s dominance should be abolished and the US economy should be strengthened. However, it seems that his tariff attack has fired back as the US dollar is continuously falling. Investors are scared and the capital flow is going down. Investors are also concerned about the impact on the economism that falls in the long run of policy decisions.
Why did Trump bow down?
In such a situation, the famous investor and Author Ruchira Sharma have already said that in the event of the dollar weakening, foreign investors will be attracted towards India. During the conversation, he told a website that a better weapon to pressurize the US President could not become tariff.
Sharma said that this is his possible wrong way to hurt someone’s economy through tariffs. He said that now the weakening American dollar has made his strategy more difficult. Imports have already become expensive due to the dollar fall and American exports are cheap. In such a situation, the declining price of the dollar has further increased the US economy. This means that any kind and stress on the tariff can cause problems and deep.
American economy feared damage
Goldman Sachs also increased this concern further. Investment Bank recently said in its estimate that by next year, US dollars may fall by about 10 percent against major currency such as euros and yen. This decline has many economic factors, such as the US slow GDP speed and the ongoing business tension on tariffs. In such a situation, if the dollar is weak, then it means that America will have to bear the brunt of the most than another country.
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