White House and Ministries “lit” the previous 24 hours, as leaders from all over the world, as well as agents from the business world, sought exceptions today in imported products in, while declaring the “liberation of America” from the commercial “bonds” of the commercial “bonds”. Biden.
At least this image was given by officials in Washington, cultivating from one climate of anxiety and on the other the image of a Trump ready to bring it down to the world economy in order to “re -rich America”.
In a gesture of political alignment with the White House, Israeli Prime Minister Benjamin Netanyahu announced the abolition of the few duties left over to imports of US products. Israel is the largest US trading partner, with a total annual turnover amounting to $ 34 billion, while the two countries have signed a free trade agreement four decades ago, with 98% of US goods imported free of charge to Israel. Netanyahu’s duties are mainly related to the agricultural sector and were at the level of $ 11 million a year, that is, they have low costs for the Israeli budget, in relation to the high symbolism of the Tel Aviv government.
One of the scenarios wants Trump to have decided to have 20% horizontal duties on all imports to the US, while another provides duties per country and per product. According to the president’s environment, the “dirty 15” are targeted, that is, the countries with the largest trade surplus against the US (from China, Japan and South Korea, to Germany, Mexico and Canada). Regardless of today’s announcements, Trump has already announced the imposition of a 25% duty on all imported cars and spare parts tomorrow, and has already imposed duties on steel and aluminum.
Most experts discount that there will be retaliation against the US, that duties will pass – in one way or another – to consumers and intensify inflationary pressures, emptying the pockets of American citizens. Trump calls on foreign businesses to transfer their plants to the US and to give jobs to American workers if they want to avoid duties, but this is not done from day to day. However, it is risking to rally against the US, commercial opponents, even in motley alliances, eg in Asia, where China approaches Japan and South Korea.
Paper exercises
Interesting is the exertion of trade war that took place a month ago in the Center for a New American Security in Washington, with the participation of US and foreign experts, as well as former Biden and Trump governments. According to the New York Times, the simulation was based on the US president’s announcements until then and was not intended to predict the future, but to consider the dynamics he would grow, as long as Trump went on to his plans.
Initially, the table blushed from the indications of international tension, but within a few hours and under pressure to find solutions, in the day, the opposing groups compromised. For example, the “European team” withdrew some commercial restrictions and the American took over the tariffs on some products, the Americans made similar moves with Canada and Mexico, and in the end most governments chose to keep the Chinese at a distance in order to have good relations with Wasin. That is, on paper, Trump policy has borne fruit and confirmed US domination.
In the real world, it should be shown that Trump wants to make agreements and not just increase duties, with a demonstration of power against friends and enemies. Particularly, when his proclamations on Canada or Greenland attachments, the planet’s separation on plots, exacerbate the US image to the rest of the world and tie the hands of governments, which may want to achieve a settlement of a number of issues, but are out of the world.
