Berlin (dpa-AfX)-Ulrike Malmendier, the economy, assumes that US President Donald Trump will be under domestic policy because of the effects of his customs policy. The Americans are not willing to do without prosperity, said the economist from the University of California Berkeley on Deutschlandfunk.
However, the United States is facing an “inflation shock” and it will be attributed to the Trump government. “If I can no longer get the food for my family on the table, if I am worried about my daily expenses, that affects me immediately.” It is the question of how Trump deals with it.
The negative reaction of the stock exchanges and Financial markets Be a clear signal, which the economy thinks of it. There have been the biggest price losses in recent years. This also meets the US pension funds that have invested money in securities, and the people who rely on the payments of the health insurers.
Economics hopes for discussions
With a view to the EU, Malmendier said that there will be negotiations instead of escalation. In principle, however, one has to assume that Trump will not depart from his idea of protecting the American industry. The Europeans would now have to make their internal market strong and remove existing obstacles in the EU. A capital market union is also necessary.
Malmendier is a member of the Council of Experts on the assessment of the overall economic development that the Federal Government advises. She teaches as a professor at the Haas School of Business at the University of California./hgo/dp/men