In its projections, the US Administration sees an advance of GDP this year of 3.1% and will continue to grow above this figure until 2020, adding $1.1 trillion to the homeland economy. However, these goals differ from those considered by other entities: the Fed considers that the United States will grow between 2.2% and 2.6% this year to moderate its growth to a range between 1.9% and 2.3% in 2019. Some of the most optimistic banks, such as Wells Fargo Securities, put the GDP up 2.9% in 2018 and 2019.
All this at a time when the increase in public spending continues to inconvenience officials and legislators who advocate a certain fiscal discipline. The tax reform has a cost of $1.5 billion and the Budget agreement until the end of fiscal year 2019 raises spending by 300 billion dollars. The projections indicate that the United States deficit will be accommodated above 5.2% of GDP next year, when it will surpass one trillion dollars. However, the White House estimates that its infrastructure plan, with a potential investment of $1.5 billion and where the federal government will participate with 200 billion, will add between 0.1 and 0.2 percentage points to growth over the next decade.
The Trump Administration also mentioned its intention to “break trade barriers” for US exports and end unfair business practices. With the seventh round of negotiations of the Free Trade Agreement (NAFTA) next week and the government having to decide before April 11 on whether or not to impose tariffs and quotas on imports of steel and aluminum, commercial tensions are at an all-time high. of skin.
From Brussels there is talk of potential reprimands, with the sights set on Harley Davidson and Jack Daniels, at a time when the Trans-Pacific Economic Cooperation Agreement, which includes 11 countries, takes center stage after publishing the full text. In fact, 25 Republican lawmakers recommended in a letter to Trump to reconsider the new inclusion of the United States in this important commercial alliance.