Trump ‘An agent of’ chaos and confusion, economist warns

In view of President Donald Trump returning to the White House, the instability and geopolitical disturbance of the global market warns that the US economy may grow for recession – but economists say the recession is not yet in the card.

The Chief Economist of Berenberg Bank, Holgar Shamding on Monday told CNBC’s “Squock Box Europe”, “I don’t think we will talk about an American recession. The American economy is flexible, I would say, despite the large Donald Trump,” Bernberg Bank Chief Economist Holgar Shamiding told CNBC’s “Skwok Box” on Monday.

Trump dubbing “agent of anarchy and confusion”, Shamding said that the President’s “Zigzaging on Tariff shows that he has little idea of ​​the possible consequences of his tariff policies.”

However, “American consumers have money to spend, (and) they probably. The labor market in America is perfectly firm, and the energy prices are coming a bit lower and perhaps some tax cuts and deregulation are coming, I don’t think there is a risk of a adjacent recession,” according to the shameing.

“But ever becoming clear in the long run, Trump is damaging the US trend growth, which is an increase in the years beyond 2026. And he stands for high prices for American consumers, meaning, in my view, Fed (Federal Reserve) near Feder (Federal Reserve) has no reason to cut rates as President with Trump, and Trump has sovereigned and bruised as a President,” he said.

CNBC has approached the White House for a response and is waiting for a north.

The international stock markets have been shaken to their foundation in recent weeks, which is feared that Trump intended to revive a global trade war after announcing Trump from China, Mexico and Canada after announcing hard-touching import tariffs on goods.

Confusion and uncertainty have been followed, as the President announced last Friday that there would be a rebellion and delay on 2 April on some tariffs on the US neighbors and the nearest trading partners.

Trump’s unconventional approach to trade and international diplomacy has left markets, with US indices whipping, while strategists warned that Trump 2.0 ERA continues to be negative market spirit. The US stock futures fell earlier on Monday morning, indicating another rocky ride to the US markets at the beginning of the new trading week.

Business leaders and economists have expressed concern that tariffs would further pursue inflation pressure in the US, consumers will be likely to take up high prices on imported goods.

They also warns that investment, jobs, and development can cause damage, as consumers tighten their belts and Hankar to wait for the duration of high inflation and high unemployment and the duration of potential “stability”.

Instead of deducting its current benchmark rate in the range between 4.25%-4.5%in bid to stimulate the economy, the fed will be pressurized to catch interest rates. Low interest rates can spend more, and, in turn, inflation.

Fed Chairman Jerome Powell said on Friday that the central bank could wait to see how Trump’s aggressive policy action runs again at interest rates.

Recent economic figures showing consumer confidence have taken a hit in February, the food for the Trump administration will have food for consideration. The upcoming matrix of the GDPNOW Tracker of the Federal Reserve Bank of Atlanta indicated last week that the US gross domestic product could be reduced by 2.4% for the period between January and March. A technical recession is defined when at least two consecutive quarters lead to negative growth.

Last week’s jobs data have also shown that while the US labor market is still expanding, signs of weakness may also begin to crawl. Nonform payroll data was indicated that the increase in job was more weak than expected in February, although Trump was still stable despite efforts to cut the federal workforce.

Labor Department’s Bureau of Labor Statistics reported on Friday that Nonform Panel increased seasonally over 151,000 adjusted in the month, which is revised more than 125,000 revised on 125,000 January, but under the priorities of 170,000 unanimous unanimous bureau of Dow Jones, Labor of Labor Statistics of Labor Department reported Friday. The unemployment rate rose by 4.1%.

TS Lombard chief American economist Steven Blitz said that the latest job figures “tell us that the economy continues to grow” and not indicated “The risks of recession created by the array of Trump’s policies have increased the risks.”

In a note on Friday, he said, “The sum of Trump’s actions can still slan the economy in any way, including a implication of capital expenditure.”

“Keep in mind that the presidents are known to accept the recession in their presidential presidential.

Trump has refused to dismiss the possibility of recession this year, but at the end of this week stressed that the economy was in “duration of transition”.

Asked about an economic contraction warning by Atlanta Fed’s Fox News channel’s “Sunday Morning Futures”, Trump admitted that his tariff plans could affect American development.

“I hate predicting such things,” he said in an interview aired on Sunday, when asked whether the recession warning was a concern.

“It is a period of infection because what we are doing is very big. We are bringing wealth back to America. This is a big thing.” The leader of the White House said, “It takes some time. It takes some time.”

JP Morgan’s US Market Intelligence Unit said last week that the US economy was entering another period of “uncertainty”, given the unexpected nature of tariffs. Analysts stated that they were taking a “recession” position on American shares, with the market expecting more volatility and potentially “pit” for “pit”.

“We have already seen negative effects that policy/trade uncertainty is lying on both domestic and corporate expenses, so it is likely that we see a large quantity of this in the next month. Keep an eye on unemployment rate, sorting, warning notice, etc., if we start watching the unemployment rate growing rapidly, it is possible that it is possible that it is possible that the market is back.

While an American recession was not the landscape of the bank’s base case, JP Morgan analysts warned that “the unique length of the tariff and the possibility of business war to see the acceleration in the new tariff (meaning) we feel that the stock will be challenged as the US GDP growth is a cut in estimates.”

“Looking at the lack of potential end for this increase, the hope is that both Canada and Mexico have these magnitude tariffs with drives in recession. We look at the expectations of GDP development for the pit and to be physically low for earning amendment, to reconsider the years of year-union, we are changing our ideas, keeping in mind this.”