s, says U.S. e

ecree," linked to border policy no

e much▓ higher now than the direct effect of the tari▓ffs themselves, Posen warned. First, he expected a "sig▓nificant persistent" equity market drop, ▓wh

t the economic relationship, Posen

ich will have wealth effects on consumptio▓n and investment. Second, the delay and dimi▓nishment of productive cross-border investment, inc▓luding investments into the Unite

said, markets will realize that it'

d States, will worsen.A▓dditionally, he argued, the direct impact on the auto industry is bound to be "sharp and fast," if the 5-percent tariff is implemented."By



s not lik▓ely for the U.S. presiden

citing a nati▓onal emergency over a long-term problem like immigration ▓in order to punish an ally like Mexico, Presid▓ent Trump has abused his authority to▓ invoke emergency measures in the fa▓ce of a genuine national security threat," Posen said."If the Republican Sen▓ate Majority does not show backbone in standing up to▓ President Trump on this abuse, and if it lets stand the administration's usurpation of Congressional prerogat▓ives in the trade and foreign policy areas, that alone will reinforce the markets' correct perception that the world has become too uncertain for ma▓ny investments," he continued.Posen said that markets are awakening to an "overlooked or underpriced systemic risk

t to deliver a trade d▓eal with its trade par

.""Market anxiety should spread as other countries start invoking Trump's brand of national security excuse to engage in protectionism against the United States an▓d others," he said. "Such actions could easily spir▓al into a global free-for-all of retaliation and prote

tners. He added
求正规传奇私服发布网站 传奇私服发布网999迷失传奇私服单机登录器下载传奇私服网站新开网迷失版泡点传奇私服手机版超变态单职业传奇私服发布网传奇私服单机版教程手机传奇私服哪个好玩传奇私服gm之家论坛超级变态传奇私服网站新开网讷河市5G滨海县wap从江县5G安国市wap道真仡佬族苗族自治县5G江苏省wap郧县5G萍乡市5G马山县wap镶黄旗5G剑河县5G上高县5G乾安县5G小金县5G通州区wap和顺县5G达拉特旗wap望城县wap涪陵区wap蔚县wap a "widespread sello▓ff," which is different from previous cases. That even some of the safe-haven flows are going into German government securities and the euro, away from U.S. Trea▓suries or dollars, strongly suggests that "concerns about ▓the U.S. economy are rising," he said.The macroeco▓nomic impact of the latest actions is likely to b