“Trump is condemned to reach agreements”: How to avoid collapse in the US. Rafael Ojeda
Rafael Ojeda, Global Chief Market Strategy of Fortage Funds Sicav, has valued the current moment of markets, which has described as “quite convulsed, but within a certain normality.” As he said, the commercial policy of the president of the United States, Donald Trump, “has softened” and “is condemned to reach agreements” to avoid a severe impact on the US economy.
In relation to the Eurozone, it has considered that Europe has lost industrial and geopolitical weight: “or we embrace the United States or China, but we cannot fly individually.” He has warned that this weakness leaves Europe in a disadvantageous position in negotiations: “The counterpart knows and takes advantage of.”
Ojeda has explained that Trump tariffs have an internal motivation: “If I want to make fiscal sales and aid in the United States, I need money to do so.” In his analysis, he added that “China is very independent of the United States,” although he has recognized that the Asian country also suffers the consequences of the commercial war, especially in sectors such as luxury: “If China grows less, it will consume less, especially ultralight products.”
