NEW presidential administrations deserve some tolerance, but turning the ball of destruction through the world economy and global trade with a wrong and excessive tariff blitz, President Donald Trump has only weeks to do what he often does: making some offers, declaring victory and the reverse course. “Take Trump on the phone talk and make his offers,” urges journalist Derek Thompson. “At any time Trump could go out and declare the victory,” Stephen Stanley, an economist in chief of the North -American Bank of Santander, suggested. The consensus is that time is short.
Trump seems to have taken care of these warnings with the partial fare delay announced on April 9.
Time is especially short for many of the construction industry, which have already been very successful in Trump administration policies on infrastructure, business and environment, as well as for the North -Americans who face new difficulties, which are supposed to be the beneficiaries of the President’s approach to international trade.
The launch of tape carving media for the tariff program on April 2, labeled “Liberation Day” by the Administration, was completed by a Trump graph that described the “reciprocal rates”, expressed as percentages that were imposed on the goods of various nations selling goods in the United States.
The prawn fishing companies owners made appearances on television, emphasizing how imports have taken care of the market.
Supporters talked about billions in revenue that the rates are supposed to carry, or as Trump said, “will make America rich.” An international banking optimistic speculated that the Blitz Tarifari combined with its tax cuts and tax cuts could be successful. “It cannot be ruled out for these policies to work,” said Manparet Gill, Investment Director of Africa, Middle East and Europe for Standard Chartered Bank.
A darker view
The predominant view was much darker.
The so-called reciprocal rates, in fact, with some exceptions, are based on the size of the United States’s commercial imbalance with all other countries, and are not real reciprocal rates equal to the imposed rates on the imported goods of the United States instead, the “ Tarifa ” program, at least in the way it was yesterday, was a dooms-dooms machine that threatened the commercial pairs of the United States, causing damage to those of the United States, causing damage to those. than those who have benefits.
Penalties can help achieve fairer trade with individual countries, but will not create the North -American industrial Renaissance planned by the President and his faithful. The President of the European Commission, Ursula von Er Leyan, pronounced the tariff announcement “a major blow to the world economy”.
We reiterate that it is also an important blow for taxpayers and companies in the construction industry, threatening a fall in the sector as risk and uncertainty intensify.
With Trump’s window to limit the wreck very narrow, the Republican party must say that he sees what is at stake. Perhaps the entire tariff hut was only a short -term tactic in its “commercial manufacturing” of the country by country, but too much damage to the United States.
An important conflict is maintained with China, the main trade in the United States. And the fast fire switches of the White House still threaten to ruin what had been formed as a good year for business.
