The economist says Trump’s trilogy tariffs mainly stop most of the trade with China

president Donald Trump Increased customs tariffs on imports from China will mainly end most of the trade between this country and the United States, according to economists, Erika York.

“This depends on the narrow customs tariff or its widely applied, but in general if you get northern three -number tariffs, you cut most of the trade,” said CNBC.Exchange“Thursday.” There may be some things without any alternatives that companies should only put the bill, but for the largest part, this cuts them. “

Her statements came in the market that wipes some of the beast gains that were seen on Wednesday. The accelerated market fell on Thursday as soon He now stands 145 %. This total includes the last increase to 125 % of 84 % announced by Trump on Wednesday, in addition to a 20 % duty related to Fntanil, the president had in the past.

York stressed that the market is still unclear, saying: “It is not as if the threat is completely over,” as there is no expected clarity until July when the reversal of the tariff is scheduled.

On Wednesday, Trump announced it Temporary reducing rates of tariffs On imports from most countries, with the exception of China, to 10 % for 90 days. At the Council of Ministers on Thursday, the President He refused to exclude the possibility of expansion Deposit for 90 days.

Taking into account the Chinese tariff, the foundation line is still 10 % in place and other customs tariffs of the sector, Trump continues to take the country to its protective position for decades, even with stopping stopping.

The economist added: “It will take the average rate of tariffs at the heights that we have not seen since the 1940s, so this is great.” “It is an increase in costs. It’s an economic blow. It is clear that it does not put us on a very good path.”

The Tax Corporation estimates that all the new Trump tariffs will be established It leads to an increase in federal tax revenues From 171.6 billion dollars for this year. This would make Trump’s tariff the largest tax increase since 1993, more than increases under former presidents George Ho W. Bush and Parac Obama, the Foundation revealed.

China has He said it will not escape If the dynamics of trade is rising to a commercial war. A few hours before the announcement of Trump, China Revenge fees were raised on US imports To 84 % of 34 %, which came into effect on Thursday.