Wall Street Journal Liberation calls on the customs tariff Trump “the most commercial war in history” | Trump administration
American business leaders provide a mixed reaction to the sharp commercial tariffs imposed by the Donald Trump administration on Canada, Mexico and China, as an editorial council Wall Street Magazine It was called “the most commercial war in history.”
Donald Trump hit Canada and Mexico by 25 % on imports, and China by 10 %, on Saturday in a move launched a new era of commercial wars between the United States and three of its largest commercial partners. Definitions against Canada exclude oil and energy products.
Trump said on his social media platform in fact that he used emergency powers to issue definitions, due to the intervention of Tuesday, “due to the great threat to illegal foreigners and deadly drugs that kill our citizens, including fentanel.”
The magazine said that the movements “remind us of Bernard Louis, the old that it is risking to be the enemy of America, but it may be the deadly to be her boyfriend,” adding that with the exception of China, “Mr. Trump justifies this economic attack on the neighbors is meaningless.”
He added: “The drug may be an excuse because Mr. Trump made it clear that he loves the definitions for its interest, pointing to Trump’s comments on Thursday that the United States does not need oil or wood from its neighbors.
“Mr. Trump sometimes seems as if the United States should not import anything at all, and that America can be a completely closed economy that makes everything at home.” “This is called Autarky, not the world in which we live, or a world we must want to live in, as Mr. Trump may discover soon.”
Trump’s reaction was strongly to the director’s written positionPublishing on the social truth that the “tariff lobby”, headed by globalization, is always on the Wall Street Journal, works hard to justify countries such as Canada, Mexico, China and many others to naming contracts, for decades for decades for decades Ripoff of America, both with regard to trade, crime and drugs Poisoned to flow freely to America. “
“Those days are over!” Trump continues the spaces. “The United States has a big deficit with Canada, Mexico and China (almost all countries!), Condemning $ 36 trillion, and we will not be” stupid country “anymore.
Larry Samarz, Minister of Treasury, during the era of President Clinton, described the imminent definitions as “the shock of the offer that binds it self.
This means fewer supply because we impose taxes on foreign suppliers. This means high prices and low quantities. ”This is a self -wound to the American economy. I expected inflation for the next three or four months to be higher as a result, because the price level should rise when you put a tax on the goods that people buy. “
Kirsten Hellman, Canada’s Ambassador to the United States, told the Trump tariff to “disable Trump’s tariff” into an incredibly successful business. “
“We are really disappointed and we hope they will not enter into force on Tuesday,” Hilman added. “We are ready to continue speaking to the Trump administration about it.”
Hilman said that Canada was keen to build on its commercial relationship with the United States, but it admitted, “It is difficult to maintain this sense of the common goal and move forward if we entered this type of dynamism on the definitions.”
The Mexican President, Claudia Shinbom, ordered the retaliatory definitions in response to the US decision to slap the customs tariff on all goods coming from Mexico, saying that its government sought dialogue instead of confrontation with its commercial partner to the north.
Shinbaum pointed to her government’s work against Fintanel’s production in Mexico since she took office in October, saying that she had seized 20 million doses of artificial opium and detained 10,000 people linked to drug trafficking.
Mexico ordered the reprisals, and the Canadian Prime Minister said that the country would put a tariff of up to 25 % of up to 155 billion dollars in US imports. The Chinese Ministry of Commerce said it will file a lawsuit with the World Trade Organization for “illegal practices of the United States.”
But some of the US leaders in the United States were interacting neutral with Trump’s tariff that the budget laboratory at Yale University will cost the average American family from $ 1,000 to $ 1,200 in the annual purchasing power.
Gregory Daco, chief economist of the EY Tax and Consulting Company, calculates the definitions of inflation, currently operating by 2.9 %, by 0.4 % and the US GDP reduction by 1.5 % this year.
Jimmy Damon, CEO of JP Morgan, the world’s largest bank, at the World Economic Forum in Davos, Switzerland, said last week that the threats of customs tariffs can be used effectively to “bring people to the table” to negotiate more favorable commercial conditions.
Definitions are a “economic tool” or “economic weapon”, depending on how to use it, Dimon note for CNBC. “I would like to put in its right quorum: if that is some of the inflation, but it is good for national security, so be that. I mean, bypass it.”
William Rinsh, a former US -commercial official now at the Center for Strategic and International Studies, said that many companies have stored imported goods early to avoid definitions and will be able to take advantage of the current stocks.
This may be an effective strategy for non -damaged goods, such as building materials, but less for damable goods that do not give the ability to store. “You do not store avocados,” said Rinsh. “You do not store flowers. You don’t store bananas.”
The American Chamber of Commerce group warned that the tariff policy was wrong and would cause economic harm to the Americans.
John Murphy, the group’s vice president, said: “The president is right to focus on major problems such as our broken borders and fentian scourge, but the imposition of customs duties under EBA has not been unprecedented, and he will not solve these problems, and will not only solve, and will not solve these problems, and will not only solve , And it will not solve these problems, and it will solve the prices of American families and exceed the supply chains.
He added: “The room will consult with our members, including the main street companies throughout the country affected by this step, to determine the following steps to prevent economic harm to the Americans.”
Democratic politicians did not like. “Donald Trump has been appointed … saying that he would reduce grocery prices. Senator Mark Warner told CBS to the nation:” After two weeks, he does something that does the opposite. “
Senator in Minnesota Amy Clubusht summarized her ideas in the first days of the Trump administration’s second administration on MSNBC: “Chaos, corruption, unfortunately, egg prices … This is not what the American economy needs now … It is not using a chisel, it uses a heavy hammer.”