Jim Rogers : Everyone will suffer with Trump's Protectionism

Will Donald Trump’s tax cut plans impact emerging markets in a big way? How much impact do you see on Indian information technology (IT) and pharma sector from visa restrictions and protectionist policies?




Jim Rogers : If it happens, and Trump does what he says, it is good for the world, because it will revive many parts of the American economy.
When people have more money to spend, they will do it... everyone will be better off for a while, and that is why the markets are going up.
Trump says he will cut taxes and that sounds very good. But how is he going to do all this? Protectionism has never been good for anybody. No one has ever won a trade war. Every one will suffer with protectionism, and if Indians cannot go to America anymore, it may be bad for Indian companies, but it will be good for India.

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Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.