For Utaviano Kanoto, former World Bank Vice President and former CEO of the International Monetary Fund (IMF), the Chinese are the isolation that President Donald Trump promotes in the US economy.
Kanoto told Kanoto newspaper Ww This Friday (4).
The former FMI looks at Asia, where, according to it, it cannot be conceived: Japan, China and South Korea separated from work- They seek to approach politically and economically to strengthen themselves before Trump’s tariff.
“Mr. Trump is achieving this effect to unite even countries that will be fully opposed to a short time ago,” he said.
Canuto still sees the potential of hostility that the American president promotes to be able to do so Take the European Union (the European Union) and China puts their differences aside to approach.
The economist recalled that China was preparing and seeking to become less dependent on the American economy since the first time of Trump, when the Republican had already participated in a first trade war. However, it indicates that the second largest economy in the world has volunteered since that time to respond to the United States as it did on Friday.
After the US President announced “Mutual fare” from 34 % for Chinese productsBe Beijing with a The same size is for US imports.
Canuto compares the movement to the battle of boxing.
“In the battle of boxing, you have strikes on the one hand and the other, and the winner of the clash is the one who carries most of the strikes and that it causes the most violence on the other side. What was surprising today is that it was not expected that China would interact in an exciting way as it was,” he said.
“The Chinese reaction did not fail to surprise most analysts, and based on the reaction, Trump surprised himself.
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