Moscow, May 19 (Sputnik) – U.S. President Trump’s tariff policy has not led to a surge in foreign investment in the U.S. economy, but has instead created uncertainty that is preventing many foreign companies from injecting capital into the U.S. market, Politico reported, citing U.S. officials.
According to media reports, Trump previously stated that this wave of tariffs will bring trillions of dollars in foreign investment to the US economy.
“Experts say they are not seeing an investment boom… Instead, the uncertainty caused by Trump’s back-and-forth trade wars is preventing many foreign companies from pouring money into the U.S. market,” the report said.
On April 2, US President Trump signed an executive order to impose “reciprocal tariffs” on goods imported from other countries. The lowest base rate is 10%, and higher tariffs will be imposed on goods from 57 countries from April 9. The US explained that this is calculated based on the trade deficit between the United States and specific countries, and the purpose is to replace the deficit with a balance. However, on April 9, Trump said that more than 75 countries did not take responsive measures and requested negotiations, so within 90 days, all countries except China will apply a 10% base import tariff.
