The Finance Specialist Javier Timerman dialogue on Monday with Radio 10 And he analyzed the impact he generated, so far, the tariffs Donald Trump applied to countries in international trade. “There is something different in this crisis that in others” said, at the same time that he pointed out: “What is here is a commercial war and you never know how they end,” he said.
During the talk with the program “Tomorrow Sylvestre “he ADCAP Financial Mananging Partner He gave his diagnosis about the situation that today convulses global markets, as a consequence of the tariffs that the United States imposed on countries.
“It is a bad situation in general, in a very different crisis than the previous ones that I have lived on Wall Street because it is a crisis totally directed by a person, and there were also many moments of commercial tension where certain countries protested because others had commercial practices perhaps not competitive,” Timerman explained.
“But they were negotiations. What is here is a commercial war and you never know how they end. All that is generating volatility, a lot of turbulence and it seems that everything is depending on a single person,” said the specialist.
Tariffs: Donald Trump’s figure and the impact on international trade
On the other hand, Timerman talked about the impact on international trade and pointed to the figure of the president of the United States, Donald Trump. “The curious thing about these is that it is not a crisis that has structural foundations, such as the 2008 crisis with mortgages. This is a decision of a type of war with the world, and that creates much surprise,” he reflected.
“There is something different in this crisis that in others. One knew that there were people who were up there, whether the president of the United States, or the president of the Federal Reserve, ministers, secretary of the Treasury, the opposition, politicians. Here there is nothing, here is the will of a guy who does what he wants, and that creates a lot of anxiety,” he added.
In that sense, Timerman recalled: “Trump said that if they do not free the hostages, they will be assembled. They did not free the hostages. Maduro, listen to me because the night will come to you, and continue Maduro. War of Ukraine-Russia, the same. The same thing. Nothing that said, it is all smoke, and the people buy that attitude,” he said in relation to the plans of the American president.
For the analyst, these economic policies imply an impact on the internal policy of the United States: “It is very dividedthere is a whole sector, looking at the map, where the Democrats win in certain cities, and in the south, in the middle of the country, where the Republicans win. But that the savings touch you, and I speak of the Americans, who save their pension fund, their retirements, in financial assets. ANDThis measure touches their pocket directly. It is very childish what it proposes, it is as if I made a war to the greengrocer because I do not buy what I sell. I have nothing to offer the greengrocer, why I am going to punish him. I can’t have a reciprocity, “he explained.
“This is the product of the great crack in the United States, they are very dangerous. Imagine a situation like September 11 with Trump, I live in the United States, with friends who died in the Twin Towers, those later days, one looked at the authorities with admiration, knowing that they were taking care of you, the president, the cabinet, Congress, all.
Uncertainty about the future
Regarding the forecast on the future of tariffs and the impact of Trump’s measures, Timerman said: “When you have this level of fall, distrust in the authorities, you can enter dynamics where certain financial entities begin, not banks, to fall, and trigger crisis in peripheral countries. We are in a war,” he said.
“He (Trump) can say that all this is caused by (Joe) Biden, everything was very bad, and now they called me 200 countries and we are barbarians, I take out the restrictions. It’s a story, he hosts himself,”he added.
“When these things happen, nobody is safe. It is not an ideological issue, there is volatility, people scare, the bonds fall. There is no way to say that this is an opportunity, I am worried about people who trying to help the government, anyone, aim to look at the positive side, here there is no positive side or for Argentina, or for any country”
And he concluded: “It is a commercial war that will end up harming the citizens of the world, who will have to pay more for their products, will suffer inflation and many more things.”
Source: Ambito
