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The Widening Deficit
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The Widening Deficit

By
Ari Kuncoro
· 6 minutes read
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KOMPAS/AGUS SUSANTO

Ari Kuncoro

United States President Donald Trump has a habit of making weekend surprises. Last week, he announced that he would impose fresh 10 percent tariffs on another US$300 billion worth of Chinese goods, beginning Sept. 1.The impact on the world economy of the new tariff plan could be predicted. US share prices declined, and the slowdown in the US economy may well continue. Trump’s fresh tariff plan is not in line with the advice of most White House economic advisers, given that signs of the US recession have increasingly become more apparent.

Conventional signs, such as the US government\'s long-term bond interest rates being lower than short-term rates, began to appear earlier this year, and the rate difference has widened since July 2019. Meanwhile, in the real sector, US economic growth in the second quarter 2019 slowed to 2.1 percent, down from 3.1 percent in the first quarter of 2019.

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