\nTraderii de pe pia\u0163a de obliga\u0163iuni americane pariaz\u0103 c\u0103 veniturile generate de tarifele impuse de Donald Trump vor contribui la echilibrarea finan\u0163elor publice ale SUA \u2013 o schimbare brusc\u0103 de percep\u0163ie fa\u0163\u0103 de \u00eenceputul anului, c\u00e2nd r\u0103zboiul comercial a declan\u015fat o v\u00e2nzare agresiv\u0103 de titluri de trezorerie, scrie Financial Time.<\/p>\n
\nTarifele impuse partenerilor comerciali au zdruncinat pie\u0163ele globale \u00een aprilie \u015fi au generat temeri privind un \u015foc economic, ceea ce l-a determinat pe pre\u015fedinte s\u0103 suspende o parte din m\u0103suri. Totu\u015fi, investitorii se a\u015fteapt\u0103 acum ca sute de miliarde de dolari colecta\u0163i din tarifele r\u0103mase s\u0103 compenseze reducerile de taxe \u015fi s\u0103 limiteze nevoia de finan\u0163are suplimentar\u0103.<\/p>\n
\nBiroul pentru Buget al Congresului estimeaz\u0103 c\u0103 tarifele ar putea aduce 4.000 de miliarde de dolari \u00een urm\u0103torul deceniu \u2013 sum\u0103 aproape egal\u0103 cu impactul pe care \u00eel vor avea reducerile de taxe incluse \u00een \u201eOne Big Beautiful Bill Act\u201d, legisla\u0163ia fiscal\u0103 promovat\u0103 de Trump.<\/p>\n
\n\u00cens\u0103 optimismul pie\u0163elor a fost zdruncinat la finalul s\u0103pt\u0103m\u00e2nii trecute, dup\u0103 ce o curte de apel a men\u0163inut o decizie care limiteaz\u0103 puterile pre\u015fedintelui privind unele dintre tarife. De\u015fi acestea r\u0103m\u00e2n \u00een vigoare p\u00e2n\u0103 la o decizie a Cur\u0163ii Supreme, temerile privind pierderea unei surse majore de venit au declan\u015fat o nou\u0103 v\u00e2nzare de titluri guvernamentale.<\/p>\n
\nAgen\u0163iile de rating S&P \u015fi Fitch au subliniat c\u0103 veniturile din tarife au contribuit la men\u0163inerea ratingului suveran american, \u00een contextul unei datorii publice record. F\u0103r\u0103 aceste venituri, estim\u0103rile arat\u0103 c\u0103 datoria SUA ar putea dep\u0103\u015fi, p\u00e2n\u0103 \u00een 2029, nivelul atins \u00een timpul celui de-al Doilea R\u0103zboi Mondial.<\/p>\n
\n\u201eEste o surs\u0103 util\u0103 de venit, dar problema de fond r\u0103m\u00e2ne \u2013 America cheltuie\u015fte mult mai mult dec\u00e2t \u00eencaseaz\u0103\u201d, a avertizat Des Lawrence, strateg la State Street Investment Management.<\/p>\n
\nChiar dac\u0103 tarifele lui Trump ofer\u0103 o gur\u0103 de oxigen pentru finan\u0163ele publice, investitorii r\u0103m\u00e2n aten\u0163i: dispari\u0163ia acestei surse ar putea alimenta presiunea pe pie\u0163ele de obliga\u0163iuni \u015fi ar pune sub semnul \u00eentreb\u0103rii sustenabilitatea fiscal\u0103 a SUA.<\/p>\n","protected":false},"excerpt":{"rendered":"
Traderii de pe pia\u0163a de obliga\u0163iuni americane pariaz\u0103 c\u0103 veniturile generate de tarifele impuse de Donald Trump vor contribui la echilibrarea finan\u0163elor publice ale SUA \u2013 o schimbare brusc\u0103 de percep\u0163ie fa\u0163\u0103 de \u00eenceputul anului, c\u00e2nd r\u0103zboiul comercial a declan\u015fat o v\u00e2nzare agresiv\u0103 de titluri de trezorerie, scrie Financial Time. Tarifele impuse partenerilor comerciali au […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[12870,12992,20586,7633,547,186,106,526,6909],"class_list":["post-239929","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-american","tag-datorie","tag-donald-trump","tag-investitori","tag-presedinte","tag-razboi","tag-sua","tag-tarife","tag-venituri"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/239929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239929"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/239929\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}