{"id":148904,"date":"2019-06-03T11:30:24","date_gmt":"2019-06-03T15:30:24","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148904"},"modified":"2019-06-03T06:56:54","modified_gmt":"2019-06-03T10:56:54","slug":"trumps-tea-with-queen-his-multi-front-trade-wars-are-more-controversial","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/trumps-tea-with-queen-his-multi-front-trade-wars-are-more-controversial\/","title":{"rendered":"Trump\u2019s tea with Queen? His multi-front trade wars are more controversial"},"content":{"rendered":"
June 3, 2019<\/div>
\r\n<\/div><\/div>

By George Prior<\/strong><\/p>\n

Trump\u2019s controversial state visit to the UK is not as concerning as his escalating multi-front trade wars, affirms the boss of one of the world\u2019s largest independent financial advisory organizations.<\/p>\n

The comments from the CEO and founder of deVere Group, Nigel Green, comes as U.S. President Donald Trump arrives in London for a three-day state visit.<\/p>\n

The president and First Lady Melania Trump will be guests of the Queen and attend a ceremony in Portsmouth to mark 75 years since the D-Day landings. He will also have official talks with the prime minister, Theresa May, at Downing Street.<\/p>\n

Mass anti-Trump protests are expected and invitations to the banquet have been rejected by high profile figures, including the Mayor of London, Sadiq Khan, and leader of the official opposition, Jeremy Corbyn.<\/p>\n

Nige Green says: \u201cIt is unfathomable that Trump\u2019s banquet with the Queen is sparking more outrage and controversy than his trade policies that threaten to send the world into a global recession.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\u201cMr Trump is the democratically-elected leader of the U.S., the UK\u2019s largest and most powerful ally in the world. To me, it seems pretty standard he would be afforded a state visit.\u00a0 Strategically less important, and more controversial, undemocratically-elected, leaders have been welcomed in the same way.\u201d<\/p>\n

He continues: \u201cBizarrely, there have no heated mass protests and derogatory inflatables about Trump\u2019s multi-front trade wars that make a global economic downturn a real possibility.<\/p>\n

\u201cRising protectionism, the tit-for-tat dispute between the U.S. and China, the world\u2019s two largest economies \u2013 and now possibly between the U.S. and Mexico too, will inevitably hit consumers around the world by making it harder for all firms to operate, encouraging them to push steeper prices onto their customers.<\/p>\n

\u201cThis will drive demand lower – and this will force job and wealth-creating firms globally to cut costs, meaning less investment, fewer jobs, and, therefore, less tax revenue for governments.\u201d<\/p>\n

Last month, Mr Trump raised the tariffs on $200 billion worth of Chinese goods from 10 per cent to 25 per cent. U.S. representatives have also threatened to impose tariffs on $300 billion in remaining Chinese imports.<\/p>\n

On Thursday, Trump took to\u00a0Twitter to announce a 5 per cent tariff on all goods coming from Mexico would take effect on June 10. The tariff would then rise by 5 per cent each month, with tariffs topping out at 25 per cent by October. Trump said the tariffs come in response to illegal immigration issues.<\/p>\n

The deVere CEO concludes: \u201cMr Trump\u2019s protectionist, anti-globalisation policies have real consequences for people around the world, especially as China is wheeling out \u2018counter measures,\u2019 and the White House last week reopened the North American front in his global trade wars.<\/p>\n

\u201cThere should be people on the streets calling for free trade and the scrapping of U.S.-led protectionism to boost the world economy.\u201d<\/p>\n

About:<\/em><\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/p>\n","protected":false},"excerpt":{"rendered":"

By George Prior Trump\u2019s controversial state visit to the UK is not as concerning as his escalating multi-front trade wars, affirms the boss of one of the world\u2019s largest independent financial advisory organizations. The comments from the CEO and founder of deVere Group, Nigel Green, comes as U.S. President Donald Trump arrives in London for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-148904","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=148904"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148904\/revisions"}],"predecessor-version":[{"id":148905,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148904\/revisions\/148905"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}