The absurdity of Donald Trump’s trade war

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Donald Trump removed the first staff from work, which threatens to become a destructive trade war. The US President’s tariffs will give a direct shock to North America and world economies in Mexico, Canada and China. They have been making progress in economic integration for decades, which has stimulated us and global prosperity. One nonsense is that these measures have been fully proven in trade. They are used as a coercive tool to overcome the domestic political agenda and to make concessions from American neighbors that may be their powers. This is that the United States will be one of the main victims, as a result, as a result of its own economy and in the world.

The President of the United States has shown many illusory explanations for the series of tariffs. They say, he says, to restore the American industrial base, replace the income tax and repay the US debt. This weekend, the obvious motive for its tariffs should be restrained instead of “the great threat of illegal foreigners and deadly drugs”, including Fentanyl. TrumpetThe threat of sanctions, it is true, already steps from Canada and Mexico Strengthen their boundsA number of, but they would definitely continue that the president elected his hand. And there are practical borders about what can do, especially Canada, only a source of irregular immigration or part of the fentannile.

Trump’s legal pretense is also suspicious. He used the work of the international emergency economic powers, the executive body, which gives him the opportunity to respond to extraordinary economic or security threats. However, this law has not been used to use tariffs before. The courts and the congress must block them.

If they don’t, the damage will be heavyA number of Trump tariffs will only quickly address higher US inflation and growth will decrease. Is justified revenge enhances the effects. Trump seems to be a game that because his events will stimulate Canada and Mexico, more difficult, they will be more dependent than America, they will quickly rise. But the US President not only challenges the commercial basis for their prosperity, but also provoking their pride as sovereign nations.

Demolition of northern America’s free trade and supply chains for decades will blow to US consumers and corporate America, especially oil processing, pharmaceuticals, and agriculture. Trump’s actions in China are less dramatic, but they are similar to modest money, more extensive programs. Together, the three countries make up almost half of the US import. The $ 100 billion estimated at additional tariff duties, of course, will be ruined by economic value.

The damage caused to the American diplomatic force is no less profound. In the 1980s, both Canada and Mexico left skepticism to make strategic bets on US free trade, which will end in the 1994 “oil” transaction. Both were compelled by Trump in its first term to reunite that transaction. The fact that the President is currently driven by the rough, USMCA, sends a message to America. It is impossible to trust. Canada and Mexico should not leave Trump’s steps unanswered, but their response should be creative, coordinated and optional. Former Former Canadian Finance Minister who will replace Bead Trudean as prime minister has proposed tariffs that will affect the main constituencies supporting the US President, such as Elon Musk. Tesla vehiclesA number

However, the trading war is a symptom of a more problem in Trump in America. The president alone decides which problems are important, exaggerate the diagnosis and choose the medicine. How to impose his priorities with his attempts Shooting federal workers aeration of Cooling grantsTools are often blunt. His trading war threatens to be catastrophic, but chaos will not end there.