Trump’s challenge in trade through definitions

Roberta Barbie – Vatican City

At a expected meeting at the White House, President Trump launched his own challenge to the global economy. In order to reduce the trade deficit, and after declaring a state of national emergency, he announced the frightening new mutual definitions that will be at least 10 % for all countries – such as Great Britain – superior to those who consider greater trade imbalances with the United States. They highlight, above all, on 20 % for Europe and 34 % to China. They are followed by 31 %, India by 26 %, South Korea by 25 %, Japan by 24 %, Cambodia by 49 %, Thailand by 36 %, Taiwan and Indonesia by 32 %.

“The case” Canada and Mexico

An important exception to Canada and Mexico is seized, which is temporarily exempt, but 25 % are subject to some products. Meanwhile, this morning at 6 o’clock, Central European time, a 25 % tariff has already been introduced into foreign cars and trucks. Trump yesterday, as the “Liberation Day” of the United States. He said that the new definitions will return the “golden age and return the American dream” generate “one billion dollars to reduce our taxes and debts.”

A harsh blow to the global economy

The European Union’s comment was instantly, and was assigned to the President of the European Commission, Ursula von der Lin: “We are ready to respond – he said – uncertainty will be extended as the gunpowder path and the consequences will be terrible for millions of people all over the world.”

In addition, some of the highest definitions were imposed on the poorest countries:

“Millions of citizens will have to face an increase in costs – continue – will cost medications more, as well as transport. The inflation will rise and this will harm the most vulnerable citizens.

As for the strange situation in Europe, he said: “We are ready to negotiate with the United States, but also to respond with counter -measures – he said – Europe will be next to companies, especially in the most affected sectors.”

Reactions around the world

Reactions also double in the rest of the world, with China in the head, affected by the new tariff by 34 %, which requested “immediate cancellation”.

“The new definitions of global economic development are at risk.

British Trade Minister Jonathan Reynolds, although he considered that the treatment that Great Britain received was better than other countries, was “disappointed” because of imposing an obstacle to trade, but despite this, he would seek a dialogue with the United States, the main trade partner of the United Kingdom.

France is more concerned about wine exports and alcoholic beverages, the auto sector, but Berlin indicated that it is still looking for a “negotiating solution”.