Famous investor Jim Rogers: Trump's 'America First' policy will trigger the biggest economic recession in history

Jim Rogers, a well-known investor who co-founded Quantum Fund with George Soros, has harshly criticized the economic impact of US trade policies under President-elect Trump's "America First" strategy. In a recent interview, Rogers said that trade restrictions against countries such as China and India not only undermine global economic stability, but also the United States itself. He warned: "Trump's "America First" policy will not only hurt China, but also the entire world. Trade controls are not good for anyone. It's not good for the world or his own country." Rogers emphasized domestic financial problems in the United States, pointing out that inflation and growing national debt are serious threats to the US economy. He stressed: "The United States already has economic problems, including inflation. Although central banks are cutting interest rates, the inflation problem has not been solved. The trade war will bring inflation back and it will be worse." He foresaw that this incident will have a wide impact, adding: "The United States is heavily in debt. When Trump tries to solve economic problems, he will make mistakes, which is not good for the world. This will affect the entire world and we will see the biggest economic recession in history." (Bitcoin.com)