The President Donald Trump announced over the weekend – as well as the promise of several punished measures that are equated against some foreign trading partners of Washington and the alphabet and the reverse market can be written in the global trade war.
Although most world leaders are about the names against Canada, Mexico and China, economists say consumers around the world will face spiral prices as supply chains that transpose the goods among countries become exposed to political risk and therefore costs.
Chrystia Freeland, Kander is Prime Minister Canada, Monday “Morning Joe” that they are Trump’s “colossal act of self-inflict”, as measures would also hurt the American exporters in Canada.
“The fact is that these tariffs are truly imposed on for at last for no reason,” she said. “We think it’s extreme crazy and we’re really mad, really mad at you.”
But answers from most American federations, fearing that the focus of the Trump Administration would be and were milder from that Freeland, although it was not uncommon for leaders with the experience of the president’s negotiating style.
The European Union said that “responded tightly” if Trump hits the tariffs and “regrets” the duties he has so far imposed. Japan said “carefully examine” the potential impact on global trade.
Independent experts – who do not have to operate directly with Trump in the next four years – were more plainspoken with their analysis.
“What was considered that Bleph and the Bref from Trump turned into a cold hard reality,” Susannah Streeter, the boss of money and markets on the British investment platform Hargreves Lanswown, said in the Monday email. “It has become clear that the Trump’s way of doing business is to shine the seeds of chaos and unpredictability to acquire domestic political victories.”
Promises held
Trump tariffs set forth on Tuesday, it is difficult to surprise that the president has telegraphed several times during election campaign 2024.
The debt was seen by the trade deficit – countries that sold us in the United States, as they buy and consistently lead them in their attempts to buy more American goods, and also indicate an illegal immigration crisis on the southern border and the flow of illegal Fentanil who killed tens of thousands of Americans, as well as other reasons for imposing.
Some of the presidents – including the SCOTT BESSENT Secretary – suggested that tariffs would generally use as negotiating tactics to obtain affordable bids, not practical policy options.
“The tariff gun will always be loaded on the table, but rarely discharged,” Lessent wrote investors in his key group’s croup in his crucial group hedge in his crucial group.
This weekend, however, Trump was well in his promise, first announced Saturday 25% tariff on Canadian and Mexican goods and 10% tariff in Chinese.
While Mexican President Claudia Sheinbaum said that after talks with Trump planned tariffs on a month, and other parts of the world have also strengthened for similar names, no least European Union.
The EU’s trading deficit is “Atrocity”, and Trump told reporters in Mary on Sunday, and marking the 27-Nation block did not “take our farms, not taking almost nothing, and I almost don’t do anything from them. “.
European response
The EU “would be firmly responded to any trading partner that unfairly or arbitrarily imposes the EU’s goods,” the block spokesman in Statement on Monday.
The Trump Administration “seems to be actually followed by threats,” said Julian Hinz, Director of Trade Policy Research at the World Economy Institute, German Minder.
Even so, Europe itself is difficult to combine on this issue. The traditional political parties of the Bloc came under the pressure of right-handed populists, many of whom share Trump’s antipathy in the Global Trade system that – together with immigration – curves for eroding jobs in production and other industries.
But German Chancellor Olaf Scholz has defended globalization on Sunday, saying that “proved to be a great story that created prosperity for us” and “that is important that we do not share the world with a lot of customs barriers.”
On the same day, the German Auto Gigant Volkswagen said that “counting on constructive commercials of trading partners to ensure security and economic stability and to avoid trade conflict.”
Asian market Thake
While the company asked for calm water, investors signaled their concerns about non-American car manufacturers.
As VWs fell more than 5% Monday, Japanese and South Korean giants like Toyota, Nissan and Honda have also seen their prices of shares, and investors watched te-Mexican factories that export cars in the US
Both in Taiwan, many whose semiconducting and electronic companies have factories and in Mexico and China, on Monday, the Ministry of Economic Affairs will help the companies affected by American tariffs, including providing information on relocation to America.
While American Asian Allies like Japan and South Korea are not affected by tariffs, they do not less risk than the effects of these impressions on their global corporations.
“We must carefully consider the reasoning behind this decision and what the influence he had,” said Japanese Prime Minister Shigeru Ishiba. “At the same time, Mr. Trump often uses the word ‘Fair.’ We will carefully examine how this serves the national interests of the United States and how it can affect the global free trade. “
Worse than expected
The muffled reaction echoed by those of his European colleagues, and the mild collective reaction of the American long-term alliance may mask the reality that Trump’s actions are “worse” than David Henig, director in the European Center for International Political Economics, Think Tank with Headquartered Brussels.
They would expect European forces “to want Trump to contract,” Henig said. “But now he seems to just say,” I want tariffs. It’s tariffs better. ‘And that remains the rest of the world, which is used for trading, with great questions. “
What causes most alarms in European corridors of power is Trump’s readiness to take action against Washington Northwest, said Henig.
“People say,” Hold on for a moment, now they’re taking in Canada? “He added.” If you’re going to put high tariffs on Canada, then it seems sincerely that someone would be under threat. There seems to be no rhyme or reason for it. “
There is today, here tomorrow
American European and Asian Allies can be pasted on Monday to financial markets, and the Tariffs of Trump administration have already stabbed the value of Mexican and Canadian property.
The Mexican Peso and Canadian dollar slid in early Monday, the latter fell to the lowest value against the US dollar since 2003. years.
Although the Canadian Prime Minister Justin Trudeau has already announced retal tariffs against a series of American goods, China was restrained.
And while Beijing reacted quickly to Trump Tariffs during his first term, this time it is yet to be specified that it is planned to be cut that it will submit a lawsuit with the World Trade Organization and to adopt an indefinite “needed” needed “needed”.
However, in chaos can be an opportunity for Chinese President Xi Jinping – who tries to correct the Barian economy of his country.
“China will frame Trump Tariffs as one-sided and destabilizing, cinema as a champion of multilateralism and global economic stability,” CRAIG Singleton, a higher Chinese associate based on the Democracy Defense in the e-mail.
“Xi could use a moment to deepen partnerships with emerging markets and positioned China as an alternative to US leadership.”
2025-02-03 18:00:00
