While Trump rises the definitions, nervous companies weigh what comes after that

US President Donald Trump tears the book of rules on trade that has been for more than 50 years.

Its latest round of sweeping definitions, which entered into force shortly after midnight Wednesday, hit the goods from some of the largest commercial partners in America, including China and the European Union, with a significant increase in import duties.

The president and his allies say that measures are necessary to restore the American industrial base, which they consider necessary for national security.

But it is still a possibility of an earthquake that may affect more than two dollars of imports, which will lead to the payment of the total effective tariff in the United States to the highest level in more than a century.

In the United States, the main consumer goods may witness a significant increase in prices, including an estimated 33 % of clothes, and analysts warn of almost confirmed global economic damage with low sales in America, and trade and production abroad.

With the start of the stock market and political pressure in the United States, the White House worked to calm the nerves by floating on the possibility of trade talks, and reached talks that had already begun with Japan, Vietnam and South Korea.

But Trump pointed to resistance to the types of exemptions he granted during his first term, and even if these talks are ultimately fruitful, making deals on the basis of the country will undoubtedly take time.

“The main question … is whether or not there is negotiations,” said Terry Wizman, a global strategic expert at the investment bank in Macquari. “No one has an answer to this because it will depend on the approach and act on the negotiating parties.”

The United States is already appearing in a collision with China, which was its third largest resource for imports last year.

The White House said on Tuesday that it is moving forward with Trump’s social media threat to add a 50 % tax on imports from China, as well as 54 % of the duties that have already been announced, unless Beijing agreed to withdraw its revenge.

Leo Bingio, a spokesman for the Chinese embassy in Washington, refused to say whether the two sides had spoken directly since the threat.

But publicly, China showed a little preparedness to decline, describing Trump’s moves as “bullying” and warning that “intimidation, threat and blackmail are not the right way to interact with China.”

“If the United States decides not to pay attention to the interests of the United States itself, China and the rest of the world, and it is determined to fight customs tariffs and trade war, then China’s response will continue to the end,” he said in a statement.

This rapid change has rocked American companies with contracts of relationships with China, which now finds themselves paralyzed and unsure of the end of this escalating commercial battle.

American businessman Jay Foreman, who was exposed to the basic gaming company! “You will laugh if you don’t cry.” Known as classics such as Tonka and Bears trucks, which are made the vast majority of them in China.

He notified its suppliers to stop any shipments to the United States earlier this week, as the United States announced that it would strike goods from China with duties starting from 104 %.

“We just have to carry our shipments until this thing is resolved,” he said. “If it is not sorted, I will sell the stock that I have in my warehouse and original.”

Speaking to Congress on Tuesday, Jameson Jarir, who is leading the US Trade Actor’s office, rejected a schedule on the extent of rapid progress in the conversations.

He said, “President is fixed for his purpose. This trade deficit, recovery and loss of jobs continued for a very long time,” while recognition of measures may lead to “difficult” economic amendment.

“It is a moment of root, late, but I am confident that the American people will rise to this occasion as they did before,” he said.

The shares in the United States resumed their landfill on Tuesday, giving up the early gains that Trump’s comments on commercial talks that may witness the battle quickly.

The S&P 500 is now trading in its lowest level in more than a year, after it has seen nearly 12 % of its value that has been eliminated since the announcement last Wednesday.

The stock markets were also shook from Japan to Germany, where investors evaluate the broader repercussions on the procedures. In the United Kingdom, FTSE 100 decreased about 10 %.

“What I really see is fear, uncertainty, many questions, and many people who want to predict what will happen after that,” said Amy Magnus, Director of Customs Affairs at Derndeer, a company based in Fairmont and is one of the five best customs brokers in America. “But I entered a world that I cannot predict.”

Erin Williamson, Vice President of American Customs Mediation at Geodis, the world supply chain operator, said on Tuesday afternoon that uncertainty prompted some of her company’s clients to simply put shipments.

She said: “One of the best ways in which you can confirm that you do not endanger your work, as this may settle dust.”

Erney Tedishi, director of the budget laboratory economy at Yale University, who is not expected to cost the customs tariff that has been announced so far to cost the definitions announced so far that the customs tariff that has been announced so far will cost 600,000 US jobs and lead to nearly 3800 dollars to buy medium power, that uncertainty raises the risks to the economy, but it is still You expect to cost the definitions announced so far this year.

“Many turmoil in the market that we have seen is not related to the materials of economic damage to definitions on their own. Many of them relate to uncertainty,” he said.

“Companies and consumers do not know what a customs tariff rate after an hour from now … How can you invest or put plans for the future in that environment?”

Mr. Tedshi said he had not seen a clear end of the trade war on the horizon.

“Even if the administration wants to retreat, how does it save the face in an acceptable manner mutual for all the players concerned?” He said. “This has become more difficult day by day.”