Allison Dinner / EPA
It’s not just the “giants”. American families should also suffer from the open trade war with Canada.
“Is there any suffering? Yes, maybe (and maybe not!), ”Trump said at a X.” But let’s make America big again, and everything will be worth the price to pay. “
The publication was made in Caps Lock, and others followed, in reference, essentially to Canada, which retaliated the 25% rates that the US imposed on its products with the imposition of Canada himself 25% tariffs over more than $ 155 billion in American products (about 150 billion euros) including alcohol and fruit.
We don’t need anything they have. We have unlimited energyWe should make our own cars and have more wood than we can ever use, ”he says to the US President.
In truth, A quarter of oil that America consumes a day comes from Canada.
In addition to the expected increase in the prices of these products, The trade war opened by the new president has already arrived at the scholarship.
This Monday, the S&P 500, the value of the 500 largest companies in the United States, fell 1.92% (for 5,924 points), Nasdaq, technology sector, broke 2.46% (19,211 points) and Industrial, Dow Jones, sank 1.22% (44,002 points). The values, always fickle, are being accompanied in real time by.
In negative prominence are some of the largest companies in the world, such as the Teslawhich registered a drop of 6.91%, the Nvidia (with low 5.04%) or the Apple (fell 3.56%).
But it’s not just Silicon Valley’s “giants” who are threatened. American families should also suffer from protectionist measures.
An analysis of the Yale budget laboratory, for example, shows that if the tariff war continues, A “average” family from the US will lose about $ 1245 (about 1207 euros) In income this year, which would be the global equivalent to an increase in taxes of more than $ 1.4 billion (1.36 billion euros) over the next 10 years.
Already the Mexico, for now it is saved. This Monday, the country has managed to reverse the situation to its side and sign a series of cooperation agreements between the two countries.
After a weekend where the same tariffs applied to Canada were also promised to the south of the US – and in which the president, Claudia Sheinba, also threatened to return with rates – there was agreement between the two countries – so he advanced in X the president.
