Trump’s tariffs will damage the world
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Now we know which economy is the hardest threat to the United States after China. Lesotho. China currently has 54% combined tariff in accordance with the new Program of Donald Trump. But Lesotho is apparently worthy of “mutual” tariff of US exports, which is 49% of Cambodia, and 46% in Vietnam and 20%. The United Kingdom is leaving 10 percent. (See charts).
Perhaps more extraordinary about the failure of about a century in a trade policy, that no one has apparently said that a procedure that puts Lesotho on a unjusted step. But he did it, and he did it, because the procedure was ridiculous. Here is a delicate analysis of all alleged tariff and non-tariff barriers from which they say Peter NavarroRearting his boss, the US used is so terribly affected. No it was a much simpler and stupid. Are the proposed tariffs Proportion of bilateral trade deficit divided into bilateral importsThe assumption of a number of attention is that the trade in a fair world balanced with each partner. This is a fully probability. However, it has now become a mental basis for the most powerful country in the world, unfortunate, poor.
It’s just not a lunar. It is evil. Think about the history of US involvement in Vietnam. However, now the United States has decided to try to terminate its economic development. Vietnam is not alone trying to exploit the advantages of openness. Indeed, the trade policy has become quite extensively revived liberalism of liberalism. They responded to the promise that was now taken by the United States.
This is not even a Trump’s job. Canada and Mexico The victims of his “fenthanil tariffs” are still dead. There is 25% car tariff and they Steel and aluminum also raisedA number
However, the tariffs do not close the trade deficits. In the 1970s I worked on India’s economy, then among the highest protected economies in the world. Did this cause excessive trade excesses? No Yes, it had a small import ratio to GDP. But exports had less than a smaller income. It was due to adverse exposure to export competitiveness. This will now take place with the United States. Imports will decrease, but it will be exported. The deficits decided by income and expenses will remain approximately unchanged. The world will just end poorer. As Germany The Institute of Kiel is arguingThe biggest negative consequences are likely to fall on the United States. Protection is usually one’s own goal.
In the 1930s, the global trading system in the 1930s grew in the 1930s in the 1930s, in the 1930s, the results of the beggar-my-neighboring supplies in the 1930’s. The system he created was based on for good reason, the principles of non-discrimination, mutual transaction, the connection of any use in the connection and the provisions of escape provisions in the system. All this was planned to create a predictable, transparent and liberal trading mode. The eight completed rounds of negotiationsThe result became open and dynamic global economy. This was the result of US statistics. Trump not only did not bring us protection in the levels that did not see in a century, but destroyed everything His predecessors were striving to achieve. This is a war act against the whole world.
Is the discussion that finally or seriously ends. He has now learned how to be the tyrant he always wanted to be. It took some time. But he received with the help he was there. His administration is engaged in comprehensive attacks by the US republic and its global order. Under attack are internal the stateLaw Priority, The role of the legislatureTo be in style The role of the courtscommitment science aeration of The independence of universitiesA number of all this were the columns on which US freedom and prosperity were resting. Now he destroys the liberal international order. Soon I guess Trump will be invading countries because he continues to restore the era of empires.
The application of all these tariffs is a perfect symbol about what it is close to. He has applied for a non-existent “emergency” allowed by a foolish legislature, imposing a rise in severe backward tax It will be particularly difficult for its political base to partially finance the budget budget expansion Its huge backward tax reduction in 2017A number
It seems that these tariffs, plus uncertainty, have been created by such an unpredictable, political environment, damage to the world and us and now in the long run. Our economies are much more open than ever. The sudden and huge growth of protection will have more economic effects than before. Stock markets, of course, guess that good part of today’s effective capital will be received. The continuing market turmoil is likely.
This offers perverted hope. Trump and his colleagues will require the attempt to disrupt the republic. Now it is more likely that he will go out of it. Imagine that as a result of all these turmoil, the economy really falsifies, so the Republicans are mixed in medium terms. This will make Maga project much more difficult to implement. Who knows US institutions can begin to show a small spine? First of all, the next presidential election can actually be fair.
As long as Maga dominates American rights, the US potential will remain unpredictable, irrational and dangerous behavior. That is, alas, A huge gift to ChinaIt is a number of worse now, the more likely that magician will be intersecting, not the fate of America. This is comfort and hope.
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