Jim Rogers, a well-known investor who co-founded the Quantum Fund with George Soros, has harshly criticized the economic impact of U.S. 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 whole world. Trade controls are good for no one. It is not good for the world or his own country."
Rogers highlighted domestic financial problems in the United States, pointing out that inflation and growing national debt are serious threats to the U.S. 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 more severe."
He foresaw that the event would have widespread effects, adding: “The United States is deeply in debt. When Trump tries to fix the economy, he will make mistakes that will be bad for the world. This will affect the entire world, and we will see the biggest recession in history.” (Bitcoin.com)