What is the situation of the US economy? In fact, most people cannot explain it clearly, but former President Trump revealed a lot of important information in an exclusive interview with the famous Bloomberg!
What he said may not be completely correct, but it is of great value to ordinary people like us to understand the US economy! How does Trump view the US economy? What is the future of the US economy?
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Today , let’s join Trump in tearing down the “underpants” of the US economy.
The underpants of the American economy
What is the U.S. economy built on? Simply put, it is “debt-fueled growth.”
According to the data from the host of Bloomberg, the various benefits promised by the Harris team to the people will cost $3.5 trillion to achieve, and what about Trump? All his promises will add $7.5 trillion to the debt.
These debts will ultimately be borne by the Federal Reserve and the U.S. Treasury, and will eventually be converted into U.S. government debts, continuing to increase the U.S. debt-to-GDP ratio to 150%.
From this perspective, whether Harris or Trump comes to power, although the focus of development and policies are different, the cost is still the continued growth of the U.S. national debt.
When talking about Trump, we have to mention tariffs. In this interview, Trump bluntly said that “tariff is a beautiful word.”
What is Trump’s attitude? In the actual interview, Trump gave a lot of examples, such as China building factories in Mexico and producing new energy smart cars, etc. But what he actually wanted to say was that he cared more about the real economy of the United States.
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