The president of the Fed Jerome Powell launches a hard warning on the possible consequences of duties Of Trump on United States: «The level of tariff increases announced so far – he said during an event atEconomic Club of Chicagoaccording to the Cnn – is significantly greater than expected »and the persistent uncertainty about duties could cause lasting economic damage.
With i duties Of Trump who are starting the economy towards one weaker growthone Greater unemployment and afaster inflation – all at the same time – the Fed He is facing a situation that did not occur from around half a century.
«In perspective, onEuropean economy and on that Italian the effects of theIncrease in US duties. There high quality of the assets that we sell in United States and the large profit margins of some companies will be able to temporarily mitigate their impact, but a recourse it will be inevitable if there will be a strong slowdown in world trade. Also the investmentsalready braked by a low use of production capacity and from Long restrictive financing conditionscould be affected, especially for theuncertainty on the evolution of Commercial policies».
The Deputy Head of the Economy and Statistics Department of the Bank of Italy, Andrea Brandoliniin the’hearing in front of the Joint budget commissions of the Chamber and Senate on the DFP (ex Def).