Moody’s: Trump’s new foreign trade policies may lead to a slowdown in trade
Russian Satellite Network reported on the 17th, Beijing time, that Moody’s International Ratings Agency stated that newly elected U.S. President Trump proposed in his campaign platform Policies that increase U.S. economic growth may lead to a slowdown in trade.
Moody’s said, “After the financial crisis, the growth rate of trade has still stagnated. The measures taken by major economies in international trade may make this situation more acute and create problems for manufacturers.” Growth in industrial output poses challenges and leaves less room for maneuver for countries that rely on the United States for trade and direct foreign investment.”
In addition, changes in U.S. policies that will occur after Trump takes office may slow down the economic growth of many countries in North and South America and the Asia-Pacific region. To a large extent, this has to do with the tightening of immigration policies proposed by Trump. Over time, the implementation of this policy will slow down the growth in the total amount of remittances sent home by foreign workers in the United States.
Moody’s also pointed out that Mexico and Costa Rica will be most affected by changes in U.S. policy because these two countries are too dependent on the United States for exports of goods and services. India and the Philippines may also be definitely negatively affected.
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