America’s amazing act for self -harm

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If it continues, Donald Trump’s decision on April 2, 2025 to enact the “mutual” tariff for American commercial partners will decrease as one of the greatest work of self -harm in American economic history. They will cause countless damage to families, companies and financial markets around the world, which increases a global economic system that America benefited and helped in its construction.

The president spoke rudely from the Roses Garden at the White House on Wednesday, and presented a Protection agenda Beyond the scenarios of most analysts. Within a week, the United States will be attached to at least 10 percent tariff walls on all imports, which are enhanced by huge individual duties on countries with a trade deficit of the United States. This construction on the fees that the administration has already announced, including China, Mexico, Canada and the auto industry. The common influence will raise the rate of effective tariffs of America to its highest level in more than a century.

Trump’s justifications depend on a naive belief that treats trade imbalances as if they were the company’s profit and loss account, and not the culmination of very specialized supply chains. It also considers that the work of the factory is the fountain of economic development, ignoring how contracts of free trade in America have enabled the industrial value chain to increase and become a global pioneer in services and innovation.

His “mutual” fees are promoted to a back appearance account. They take the trade deficit in the United States in the goods as a share of imports from that country, and then divide it by two. This is not an attempt to calibrate the equality of definition and non -carrier barriers facing American exporters, perceived or otherwise. However, it is a reckless denial of all commercial agreements signed by the United States, as well as a very defective plan to attract investment in foreign industrialization.

For the American economy, the most urgent effects of Trump’s actions are increased inflation and slow economic activity. Capital economics calculate Trump’s tariff Blitz can push the annual annual inflation above 4 percent by the end of the year, which led to more pain on families that have suffered from a 20 percent increase in prices since the epidemic. Useful interest rates may remain higher for a longer period.

American companies should be a shock. They face the expensive and complex task of finding local suppliers. The possibility of sectoral definitions and reprisals, as well as the SLAPDASH approach to policy mode, will hinder investment plans and any opportunity to excite the Renaissance manufacturing. Financial markets are also volatile. S&P 500 and the US dollar decreased in early trading Thursday. Confidence continues to be in the exceptional economic in the United States.

As for those most dependent on selling goods in the United States, the economic aspects of Trump’s definitions will be great. Contracts of progress in reducing poverty throughout Southeast Asia, in particular, are now in danger. Slow growth will be increased in major economies, including the European Union, Japan and China.

The temptation of revenge will be strong. But this moment calls for colder heads. Trump promised to fight fire with fire. Political makers must carefully weigh their following moves. Instead, trade partners in America must now focus on speeding up free trade initiatives with each other. After all, the United States represents only 13 percent of the imports of global commodities, and with the exception of those in the White House, the Economic House The necessity of the relative feature It is still widely understood.

This was not a “liberation day” for America. If Trump made his way, the American economy will be isolated from the system, which pushed its height to a century of the last century. The whole world will suffer, but it does not need to follow the path of America.