Fitch Warns Trump Policies to Have Material Impact on China, Mexico, Japan, Canada and Germany

The globalist shills at Fitch have issued a warming due to Trump’s proposed anti globalist policies.

Per chance, do you notice a county missing from the list?

Anyone?

How about the United States?

Fitch is warning that Trump’s policies will have a profound and deleterious affect on counties who’ve been raping the United States over the past 30 years.

They do, however, Reserve some hope that The Donald will simmer down and listen to his CIA overlords, like Obama, and do whatever he is told.

“The Trump administration represents a risk to international economic conditions and global sovereign credit fundamentals,” the agency said in a statement. “U.S. policy predictability has diminished, with established international communication channels and relationship norms being set aside and raising the prospect of sudden, unanticipated changes in U.S. policies with potential global implications.”

The most serious implications would involve credit downgrades for sovereign debt.

Fitch does not mention the U.S. specifically being subject to a reduced rating, but listed several of its trading partners that could take a hit should negative conditions emerge from Trump’s saber-rattling on international trade agreements and immigration flows.

Among those that could face the most serious impact are Canada, Germany, China, Japan and Mexico, all of which have been mentioned by Trump or his advisors as benefiting from unfair trade pacts. Fitch warned that as the rhetoric escalates, “the list is unlikely to end there.”

“One interpretation of current events is that, after an early flurry of disruptive change to establish a fundamental reorientation of policy direction and intent, the administration will settle in, embracing a consistent business- and trade-friendly framework that leverages these aspects of its economic program, with favourable international spill-overs,” Fitch’s analysts said.

“In short, a lot can change, but the aggressive tone of some administration rhetoric does not portend an easy period of negotiation ahead, nor does it suggest there is much scope for compromise,” the analysts wrote.

The warning comes a day after Fitch said the amount of countries carrying AAA-rated debt has fallen to its lowest level in 14 years. As a percentage of all nations with rated sovereign debt, that is the worst reading ever.

The Fitch warning also includes countries that enjoy investment from U.S. companies and in turn ship goods back to the United States. That list is “potentially long” and includes Canada, the U.K., Netherlands, Mexico, Germany, China and Brazil.

Nevertheless, stocks are at record highs.

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