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With his decrees, US President Donald Trump is currently swinging up a lot of dust. But for the USA, which is also valid for other countries: the important issues are inflation and economic growth. It is obvious that the customs debate can inhibit the latter, also in the USA. If each country makes the imports from another country even more expensive, this will not produce any winner. Wolfgang Eisl, the new head of LGT Bank Austria, advises investors to keep calm. “Trump demands us,” says Eisl. But yesterday’s reports could be old tomorrow. Therefore, investors should wait and see which decisions really prevail.
