Trump faces backlash from business as tariffs ignite inflation fears

Donald Trump has faced the feedback of some of his transparent groups and his republican party after starting the trade war, forcing sharp tariffs on the three largest trading partners in the United States.

Consumer goods, oil, grocery products and trade associations, which have warned that the new Trump tariffs won. Canadian Energy – Nompleting ordinary Americans’ prices and causes chaos on supply networks.

“The President is right to focus on the imposition of large problems of our broken border and the imposition of fentanry disaster, but to tariffs. A number of these issues will not solve and only the prices of American families will increase, “said the largest business group in the United States.

Consumer product groups have warned that Americans will see more expensive foods, and cars warned that tariffs will increase vehicles in the United States.

Tariffs for all products imported from Mexico and Canada, especially on components and imports, are not available in the United States, the Association of Consumer Brands of the Consumer Brands of Higher Consumer Prices and Our Export Chapter.

Kim Klaus said the highest friend of the Peterson Institute that tariffs will be presented “the largest tax growth in the 1990s.”

“We are used to having a communicative trade in North America. And it goes on for some people throughout the lives, “said Klaus.

“Thus, going by 25% of free trade is really quite dramatic, and I think it will bring it to a huge shock for the US economy.”

Saturday Trump imposed a sharp tariffIn Canada, Mexico and China, economic nationalism The Karabakh nationalism above its agenda, while its trading partners against the US trade deficit are for sale.

In response, Canadian Prime Minister Justin Truden announced a 25% tariff for $ 155 billion ($ 107 billion) worth of goods, including US alcohol, clothing, household appliances.

Mexican President Claudia Shinbaum was expected to announce tariffs soon, as well as after the warning of the response.

On Sunday, Trump walked his attacks on US commercial partners, taking into account social media, a railway against the US trade deficit and repeated that Canada becomes “51st”.

“We pay hundreds of billions of dollars to subsidize Canada. Why? ” He placed the social of the truth.

“There is no reason. We don’t need what they have. We have unlimited energy, we need to prepare our own cars and have more wood than we can ever use. Without this mass subsid, Canada ceases to exist as a viable country. Sharp but true. Therefore, Canada should become our 51st country. “

Aggressive new commercial measures have been criticized by lawmakers, including Republican Senator of South Carolina, who “nothing but South Carolinyants’s tax”.

“I understand and appreciate the willingness to take suspicious actions of countries like China, which constantly break and ignore the rules, but they treat it in the same way,” Scott wrote.

The Democrats of the Congress criticized Trump’s move.

“These reckless tariffs take a slider, where the scalp is needed, and the American people will pay the price,” the trade policy is controlled by the controlled democracy.

“Targeted, thoughtful measures to special industries can protect American interests and employees and demonstrate a detailed policy,” Nil added. “It’s not what the president does.”

The Peterson Institute estimated that the threat of Trump’s threatening to economic damage would lead to economic damage involved in all countries, including the United States.

The 25% tax on Canada and Mexico will lead to a hitter of about $ 200 billion in Trump. One of the higher tariffs for Chinese imports, the United States, hit $ 55 billion. US inflation will also rise.

Ed Al-Hussein, the high-quality interest rate and the COLUMBIA THREADLE’s foreign exchange analyst said that the United States was “launched a risk tariff strategy with a high probability of vengeance.”

“I look forward to tightening the financial conditions starting this week. Think of the decline of shares, wider credit distribution, as risk markets must price the “negotiation strategy” scenario and the price is more disrespectful.

Goldman Sachs research analysts wrote on Sunday that “it is more likely that tariffs will be temporary” for their possible economic impact and white house.

The investment bank previously assessed that the long-term tariff for importance from Canada and Mexico will increase the main prices for major consumption costs by 0.7%.

Additional reports of Claire Jones in New York in Washington and Harryet Clarfel