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Finance, Trump launches a counter-reform

In the crosshairs is the Dodd-Franck Act of 2010, passed by Obama to correct the distortions that led to the 2008 crisis – Meanwhile, the confrontation on the wall with Mexico escalates.

Financial reform is one of Donald Trump's priorities. During the Republican retreat to Congress in Philadelphia, the President of the United States did not mince words: "We will make a financial reform that will help Americans with aspirations get the credit they need to make their dreams come true."

Until now, since he has been in the White House, Trump has never spoken of an overhaul of financial regulation. Of course, perhaps it would be better to speak of counter-reform: the target is the Dodd-Franck Act of 2010, the reform desired by Barack Obama (and never fully applied) to correct the market distortions that led to the 2008 crisis.

Meanwhile, the confrontation on the Wall at the southern border. The president of Mexico, Enrique Lopez Pena, canceled the trip to Washington scheduled for Tuesday, while Trump threatened to impose a 20% tariff on imports from the southern neighbor, so as to indirectly impose the payment of the approximately 20 billion dollars needed to finance the construction of the wall.

From Mexico they pointed out that a tariff increase of this kind would have a heavy impact on American consumers, who would see the prices of many consumer products soar, from avocados to televisions.

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