Leading experts go hard with the customs and economic policy of the American President Donald Trump. Jeffrey Sachs, who researched and published and published and published for many years of the United Nations for many years, ultimately sees Trump a symptom of a greater threat that goes beyond economic. “Our political system is in decline,” he said during a conference. This is also visible that Trump rules almost exclusively by decree, by an emergency regulation – and not the congress and legislation, as was intended in the United States’ constitution. Too much power is concentrated on one person. Sachs also found clear words about the trade war escalated by Trump. The United States had long had a deep neurotic relationship against the People’s Republic, the political system in Washington Hasse China. “And why?” Asked Sachs and replied: “Because China is big and successful. Because it is a rival, a competitor.” China has good chances in a trade war with America, Sachs continued that Beijing would win him. Trade helps everyone involved, Sachs explained, if trading is restricted, everyone is lost. “It is not the case that one side wins and the other loses.” The world is currently based on a certain division of labor and specialization. Trump shattered this with his customs plans – for this reason, a trillion value on the stock exchange around the globe was destroyed within just two days after his original (and now several times adapted). As an example, he cited a consumer who goes shopping in many shops with his credit card and thereby accumulating extensive debts. “And then imagine that this consumer accuses the department stores that they would rob it – that is the understanding of the president.” The trade balance deficit of the United States does not reflect trade policy decisions, but simplifies the difference between consumption and production or income. “The United States spend more every year than they produce,” said Sachs. And named the cause of the American state, which spends much more than he took. Trump blames the rest of the world – in fact, the American government, which is either less out of issue or, for example, could spend higher taxes, is simply responsible. The Nobel Prize winner Paul Krugman, who received the award for trade questions, has also criticized several times. Olivier Blanchard, a former chief economist from the International Monetary Fund, also practiced sharp criticism of Trump’s understanding of the economy. Adam Posen, who heads the Peterson Institute for International Economics and previously belonged to the management of the British central bank, was similar. And Steve Hanke, a senior economist under the American President Ronald Reagan, also informed his lack of understanding about the customs ideas of the White House.
