Bill Gates: Tariffs Rhetoric Could Hit Poor Countries Hard

bill gates book list 2018 Futuristic toilet, Bill Gates, CEOs, richest man in the world, Microsoft Corporation, MSFT, wealthiest billionaires, Bill & Melinda Gates Foundation, William Henry Gates, Washington, Microsoft Windows, Windows 10, Antitrust litigation, Cascade Investment , The Giving Pledge, Satya Nadella, PCs, laptops, personal computer revolution, valuewalk,

Microsoft’s founder spoke with CNBC TV18 about trade tensions.

H/T dataroma

Get The Timeless Reading eBook in PDF

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q2 hedge fund letters, conference, scoops etc

Bill Gates: Tariffs Rhetoric Could Impact The Poorest Countries

Transcript

Global economy actually is doing quite well right now. The estimates have actually been pushed up a little bit. growth China growth and new growth. And those are rare. Those are all going fairly well. Certainly these trade issues are scary in that if you get people turning inwards raising up tariffs the global economy is not going to do as well. There are huge benefits to trade take. If one country is growing too much of a crop the fact that you can send it to Africa where it's needed otherwise when you get a bumper crop then you get a price collapse because you don't have that that global demand. And so agriculture has been an area where a number of countries including India have to think again how willing are they to to be part of that global trading system.

So you know we're not in the midst of a full blown trade war just yet. What do you believe is likely to be the tipping point.

Well I don't have a crystal ball on this but the rhetoric that OK you know we'll use trade tariffs I'm all for somebody to do something that can escalate. And and so you know we could end up with a lot of tariffs and all the plans people have made about assuming their global supply chains will work and that they're able to do exports and imports. That alone will be quite a burden on economic growth and therefore for job creation. And in all of these things you always have to say OK the poorest countries you know they're the ones who are just barely getting by. And so it's always interesting to think you know how do we avoid them suffering. You know even Indian farmers want their crops to be exportable.



About the Author

Jacob Wolinsky
Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver