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    Home»World»Cash becomes a savings king in the trade war – News City
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    Cash becomes a savings king in the trade war – News City

    May 1, 20252 Mins Read

    Due to uncertainty due to the trade war, US President Donald Trump began, better than holding the majority of money savings in cash. This was declared by the founder of Mobius Capital Partners Mark Mobius in an interview with Bloomberg. At this stage, cash was a king. Therefore, 95% of my money in cash is stored in cash, the investor said. Mobius will invest in developing markets for about 30 years. In his opinion, in the current conditions, India may show good results, but we have to wait, “While the situation is leaving.” He called on other investors to wait for trade talks and assess their influence on the market for four to six months. In early April, American journalist and writer Timothy L. O'Brien called for no waiting for Donald Trump to reject his commercial policy or realize its catastrophic consequences. According to him, the American leader wants to “take revenge” for everyone and organizations that have insulted him personally. O'Brien believes that Trump's main targets in the trade war with other countries are still pride and preservation. At the same time, the result will be, according to the journalist, the White House head does not care at all. The journalist noted that at the time the stock market was collapsing around the world and the United States was predicting a recession, Trump published a video of how to play golf.

    Cash becomes a savings king in the trade war – News City
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