What to expect from Trump?

2024-11-29 08:40:09

Trump will impose his demands and end up quarreling with everyone. He has not yet taken office, but has already promised to raise duties on non-American goods. He is expected to resolve the conflict in Ukraine, reduce spending, and escalate the trade war with China. European interests will be completely ignored.

If the U.S. imposes tariffs of 60 percent on all imports from China and raises tariffs on imports from other countries, lowers personal and corporate taxes, and deports millions of illegal immigrants, we can expect lower U.S. output, increased inflationary pressures, and increased market volatility. The U.S. economy has a strong impact on the global economy because of its size: the U.S. accounts for more than a quarter of global GDP. As a result, in the next three years, the growth rate of the world economy will decline by 2-3% per year. With global GDP growing at about 3% per year, it can be assumed that the world will stagnate at best and recession at worst.

Most likely, after his rule, few people will talk to America. Non-U.S. companies will have to look for other markets because they will be pressured by tariffs. South Korea is already subsidizing its chip companies due to the start of Trump's rule.

Will the BRICS currency affect the US dollar?

2024-12-07 13:11:47

Even if there is a currency, no one will abandon the dollar, the further dominance of the dollar depends on the United States itself.

Russia, China, India and other countries accept the dollar and do not plan to abandon it 100%, settlements are also carried out in terms of dollars. The well-being of the dollar depends on the United States itself, if they act from a position of strength, then the rejection of the dollar will accelerate and a new currency will be issued. The BRICS countries will be more active in expanding trade in national currencies, as the use of the dollar as a sanctions stick has undermined confidence in it

Most likely, the BRICS will have to abandon India. Since she does not like to trade for the yuan, she does not want to give up the dollar. Because of this, the decisions of the BRICS groups, including the creation of a currency, are very difficult, at least that's how it is presented in the news. If the BRICS currency is backed by real resources, including land and rare earth metals, Russia will regret it in the future. Because it will not be able to compete with China, which will eventually be able to demand land in exchange for currency.

What consequences can be expected for the European Union after Apple was ordered to pay a 13 billion euro fine?

2024-09-27 10:46:23

No one will want to start a large business in the EU

The EU has no advantages over Asian countries. A 50% tax is too high; for example, in Singapore it is 0%. The military conflict between Russia and Ukraine also makes doing business difficult, as sanctions hit the EU itself, raising the prices of all energy sources, which directly affects the prices of goods and services.

The essence of the lawsuit is that all EU countries should impose the same 50% taxes, and if a country is an EU member, it cannot independently make tax preferences. Most likely, soon countries will start leaving the EU, as the United Kingdom did.

Apple must pay 13 billion euros in back taxes

When will people meet their brothers in mind?

2024-05-09 10:34:56

After they get to Earth-like planets by 2160

Near-space scans have yielded no results, and the nearest Earth-like planets are 55 parsecs from Earth

Humanity will find either intelligent beings or the remains of ancient civilizations