Famous investor Jim Rogers: Trump's "America First" policy will trigger the biggest economic recession in history

ChainCatcher reports, according to News.bitcoin, that renowned investor Jim Rogers, who co-founded Quantum Fund with George Soros, has harshly criticized the economic impact of US trade policies under President-elect Trump's "America First" strategy.

Rogers recently stated in an interview that trade restrictions against countries like China and India not only harm global economic stability but also damage the United States itself.

He warned: "Trump's 'America First' policy will hurt not just China but the entire world. Trade controls benefit no one. They are of no use to either the world or his own country." Rogers emphasized domestic financial issues in America, pointing out that inflation and increasing national debt pose serious threats to its economy.

He stressed: "The United States already has economic problems including inflation. Although central banks around the world are lowering interest rates, inflation is still unresolved. The trade war will bring back inflation and it will be even more severe." He foresaw this event having widespread effects and added: "The United States is heavily indebted. When Trump tries to solve economic problems he will make mistakes which are detrimental globally. This will affect the whole world; we'll see the biggest recession ever."