Trump’s tariff will harm the world

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Now we know what is the most threatening economy for the United States after China: Lesoto. China currently has a combined tariff of 54 percent under Donald Trump’s new plan. But it seems that Lesoto deserves a 50 percent “mutual” tariff on its exports to the United States, 49 percent before Cambodia, 46 percent of Vietnam, followed by 32 percent in Indonesia and Taiwan, 26 percent of India and 20 percent of the European Union. The UK escaped by 10 percent. (See Plans.)

Perhaps it is more exceptional about the overthrow of the commercial policy close to a century is that no one, apparently, told the president that the procedure that places Lesoto on the most common step will make the United States look ridiculous. But she did – and she did so because this procedure was ridiculous. Here it was not an accurate analysis of all those alleged and unacceptable barriers that, from which he says, Peter NavarroRepeating its boss, and exploitation is terrible. No, it was much simpler and stupid. Suggested definitions It is appropriate for the bilateral trade deficit divided by bilateral imports. The implicit assumption is that in a fair world, trade will balance each one partner. This is absolute madness. However, it has now become the intellectual basis of the commercial policy of the country’s most powerful country – unfortunately, and the poor thing, and it appears to be a victim of a global trade conspiracy.

It is not just madness. He is evil. Think about the history of the US participation in Vietnam. However, the United States has decided to try to stop its economic development. Vietnam is not alone in seeking to exploit the benefits of openness. In fact, commercial policy with liberalism has been close to emerging economies on a large scale. They were responding to a promise that the United States had now extracted it.

This is not even all Trump’s work. Canada and Mexico They are still victims of “fentanel tariff”. There is A 25 % tariff for cars And those on Steel and aluminum have also been raised.

However, the definitions will not close the trade deficit. In the 1970s, it worked in the Indian economy, and then among the most protected economies in the world. Was he running huge trade surpluses? no. Yes, it had a small percentage of imports to GDP. But he had a smaller income from exports. This was due to the negative impact of protection on the competitiveness of export. This will now happen to the United States: imports will shrink, but will be exported. The deficit, determined by income and spending, will remain almost unchanged. The world will end with the poor. As Germany The Keel Institute arguesThe greatest negative effects of the United States are likely to fall into the United States: protection is usually a special goal.

People who established the World Trade System in the 1930s and the forties of the last century witnessed the results of medium protectionism in the twenties and thirties. The system they created, for a good reason, was based on the principles of non -discrimination, liberation through mutual bargaining, linking customs tariffs and honest separation of any use of the conditions of escape in the system. All this is designed to create a predictive, transparent and liberal commercial system. More than eight rounds of negotiationsThe result has become an open and dynamic global economy. This was a product of us. Trump did not bring us protection to the levels that we did not see in a century, but destroyed Everything His ancestors sought to achieve. This is a war against the whole world.

The discussion has ended on whether Trump should be taken literally or seriously. He now learned how the tyrant who always wanted to be. It took it some time. However, with the help he received, he is there. His administration is participating in a comprehensive attack on the American Republic and the world order that it established. Under the attack StateThe rule of law, The role of the legislative bodyfor The role of the courtsAnd commitment sciences and Universities independence. All of these were the columns that we rested freedom and prosperity. Now, the liberal international system is destroyed. Soon, I assume that Trump will be invasive in countries, as he begins to restore the era of empires.

The application of all these definitions is the perfect symbol of what Trump is going on. He has appealed to an “state of emergency” that does not exist, It is allowed by the foolish legislative body, To impose a very tax increase This will particularly lead to its political base, in part to finance an extension to provide the budget The tax reduction to decline significantly for the year 2017.

It seems imperative that these definitions, in addition to the uncertainty resulting from an unexpected and unexpected political environment, will harm the world and voters now and in the long term. Our economies are much more open than ever. Sudden and huge protection increases will have greater economic effects in return than before. Stock markets are certainly right to guess that a large part of productive capital shares today will turn into a scrap: it is likely to be continuous market disturbances.

This provides a kind of deviant hope. Trump and his partners will take time to undermine the republic for some time. It is now possible that he will run out of it. Imagine that the result of all this disorders, the economy is already stumbled, and therefore Republicans are thrown in the middle of the period. This would make the Maga project more difficult. who knows? American institutions may start showing a little spine. Above all, the upcoming presidential elections may be in a fair process.

As long as Maga dominates the American right, the United States will remain the unimaginable and irrational behavior. This is, unfortunately, A huge gift for China. But the worsening of that, the more likely it is a separation, not the fate of America. This is consolation and hope.

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