According to the evaluation of the CEO of the Eurasia Group, Christopher GarmanCammatur is a great challenge to the United States, which may lead to revenge on other countries and the restoration of potential global trade relations.
In an interview with the newspaper Ww On Wednesday (2), Garman said that the situation requires attention from other global economic actors, who may need to adapt to the less open and more restricted international trade scenario.
For Garman, the US tariff measures impose a major impact on the international trade scenario, which leads to protectionist levels that have not been seen more than a century ago. “What we saw today was much worse than we imagined,” he said.
According to the Director of Eurasia, the new customs duties raised the average tax on the products imported from the United States from 4.5 % to a “25 % surprise”. According to Garman, this level of economic protection has not been observed since 1910, as it exceeded the levels registered during the great depression in the thirties of the twentieth century.
Impact on global labor relations
Garman notes that this sharp change in American commercial policy shares the depth of world trade arrangement.
“The degree of confidence has been broken to a level that we barely return to,” and he gave Jarman, noting that the consequences of these procedures can be permanent and difficult to reflect.
Although future negotiation expectations and possible amendments to some countries, Garman expects that the general level of economic protection of the United States will remain much higher than expected, even given the most pessimistic expectations.
