Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Jim Rogers predicts major recession from US trade policies

Jim Rogers predicts major recession from US trade policies

GrafaGrafa2024/11/18 20:00
By:Isaac Francis

Renowned investor Jim Rogers, co-founder of the Quantum Fund with George Soros, has issued a warning about the potential economic consequences of President-elect Donald Trump’s “America First” trade policies.

Speaking to The Financial Chronicle, Rogers argued that such policies could trigger significant global economic instability, leading to what he described as the “biggest recession ever.”

Rogers pointed out that trade restrictions against countries like China and India could harm not only the global economy but also the United States itself.

“Mr. Trump’s ‘America First’ policy will hurt not just China, but the whole world. Trade regulations are not good for anybody. It is not good for the world and for his own country,” he stated.

Addressing domestic economic challenges, Rogers highlighted ongoing inflation and the growing national debt as critical threats.

“The U.S. already has an economic problem, which includes inflation. Though central banks are cutting rates, the issue of inflation has not been resolved yet. It will come back with the trade war more aggressively,” he remarked.

Rogers believes that attempts to address these economic challenges could lead to missteps with widespread repercussions.

“The U.S. has a huge debt. When Mr. Trump will try to solve economic problems, he will make mistakes, and that is bad for the world. It will affect the entire world, and we will see the biggest recession ever,” he predicted.

As an alternative to trade restrictions, Rogers suggested focusing on reducing national debt and spending.

He advised against restricting trade with major partners, noting that such actions would exacerbate economic issues.

“When turmoil comes, usually investors look for a safe haven… But the dollar is not a sound currency,” Rogers noted, recommending commodities such as gold as a safeguard for investment strategies during downturns.

Rogers has repeatedly cautioned about impending economic downturns, emphasising rising global debt and financial bubbles as significant risks.

He has also raised concerns about the declining status of the U.S. dollar as the world’s reserve currency, influenced by the country’s substantial debt and the use of sanctions that weaponise the currency.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

KindyMD Boosts Bitcoin Strategy with $51.5M Funding

KindyMD and Nakamoto Holdings secure $51.5M more in PIPE funding, raising total to $763M to support a Bitcoin treasury strategy.A Strategic Bet on BitcoinBuilding a Bitcoin-Native Future

Coinomedia2025/06/20 21:48
KindyMD Boosts Bitcoin Strategy with $51.5M Funding

Is Qubetics the Best Coin to Buy Today, While Bitcoin Trades at $105K and Immutable X Falls 18.56% This Week?

Qubetics advances its crypto presale as the best coin to buy today, while Bitcoin trades at $105K and Immutable X falls 18.56% this week.Qubetics Introduces Non-Custodial Multi-Chain Wallet for Maximum ControlBitcoin Trades Steady Near $105,000 as Corporate Treasury Buys ContinueImmutable X Slides 18.56% This Week, While Trading Volume Drops SharplyConclusion: Practicality and Presale Security Define the Best Coin to Buy Today

Coinomedia2025/06/20 21:48
Is Qubetics the Best Coin to Buy Today, While Bitcoin Trades at $105K and Immutable X Falls 18.56% This Week?

Velo Price Surge: Can $VELO Reach $1? 🚀

After a 3,700% rally, $VELO is eyeing a $1 breakout. Discover why the altcoin may surge 88× and what could drive its next move.What to Watch

Coinomedia2025/06/20 21:48
Velo Price Surge: Can $VELO Reach $1? 🚀

Norway to Pause Power‑Intensive Bitcoin Mining

Norway to temporarily ban high‑energy Bitcoin mining in autumn 2025 to conserve power for other industries.Limited Local Benefit from High‑Energy MiningWhat’s Next: Autumn 2025 Ban and Broader ImpactEnvironmental and Energy Policy Implications

Coinomedia2025/06/20 21:48
Norway to Pause Power‑Intensive Bitcoin Mining