Bloomberg reported on the undermining of confidence in the United States due to Trump's duties

The policy of trade duties pursued by US President Donald Trump has undermined the confidence of foreign investors and company owners in the country, and it may take from several years to several decades to restore it. This was reported by Bloomberg on April 26.

As the agency pointed out, Trump's policy regarding NATO, the termination of the work of the Agency for International Development (USAID) and threats to the independence of the American Central Bank also contributed to undermining confidence in the United States as a business partner.

At the same time, "something more sinister" has happened in recent weeks, the publication says.

"Investors are not only questioning where growth in the United States will come from, but also questioning the real rule of law on which the U.S. dollar is based as the world's reserve currency and U.S. government debt as the safest financial asset in the world," the article notes.

American companies are losing profits in the trade war with China. What the media is writing

On April 7, Canada filed a complaint with the World Trade Organization (WTO) over US duties on cars and spare parts. According to the report, Ottawa argues that the measures are incompatible with Washington's responsibilities under various provisions of the 1994 General Agreement on Tariffs and Trade. After that, on April 25, it was reported that 50% of Canadians called the relationship between Ottawa and Washington the most pressing problem for the country.

U.S. Vice President Jay Dee Vance said on April 22 that Washington is looking for trading partners who share the principles of justice and national interests. Washington needs partners who are ready to produce products together with the United States, and not just become a transit zone for goods from other countries, he said.