Trump steps back from the edge of the global trade war

[ad_1]

Anthony Zurcher

North American correspondent in Washington@AWZURCHER

Follow: Why did the US markets hit as rockets after the tariff break

Donald Trump and his White House team for days insisted that they decided to apply “mutual” tariffs against dozens of countries. Saying that the president took a 90-day break, they also gave a report on Tuesday – the news that caused a short exchange increase.

However, now a reality that takes a break to higher tariff rates with the exceptions of several attention. The global economic order will be charged and Trump’s American production will have to wait for the promise of the Golden Century.

The White House was going big in the tariffs and then hit the break button, before entering talks with individual countries, was all plans.

“We have more than 75 countries, I have contacted us and imagine, will be more,” said Treasury Secretary Scott Bessent, told reporters shortly after the announcement.

This cookie from the White House is not surprising, of course. And it is difficult to ignore the investor panic, a shuttering market and the rejection of the public before the announcement.

Thus, an example of a strategic retreat in the face of unexpected resistance or another example of Trump’s “Deal” Talk Strategy?

Follow: Chinese tariffs ‘not good’ for the economy – US buyers

It did not take long for Trump’s assistants – many people who say they will never return and celebrate the president’s action and celebrate the action.

Trade advisor Peter Navarro, the situation of Trump tariff tariff said “must be fully.”

“You could not see what President Trump is not clear here,” said the crowd of journalists gathered in the spokesman Karoline Leavitt. “The whole world calls the United States.”

Trump was less clear about the details of Trump’s tariff suspension, which was announced by a writing on the social website. Did I apply the EU on higher tariffs? The original 10% was Mexico and Canada, which prevents preliminary tariffs, somehow you are now logged in? Was the tariffs targeting specific sectors?

As a result, the White House brought some clarity to these questions – but for hours, and the United States remains to test the truths of Trump and answers questions from answers to the questions made by the Press Gaggles.

Follow: Trump says that the tariffs will think about the meeting with China XI Jinping

On Wednesday afternoon, the markets “pretty Glum” and “People buys a little quaasy” – this was reflected in which he could indicate a part of the last week and would be reflected in the real reason for his tariff change.

However, his tariff insignificant and insisted that any economic intervals were reflected in the American economy.

Meanwhile, the Democrats painted a small rose picture. The Senate Minority Leader Chuck Schumer defended the Trump of “Management by Chaos.”

“He is rebuilt, withdraws, and this is a good thing,” he said.

In the end, the process of thought behind the Trump’s decision cannot be really important.

The reality is that the United States now makes it beautiful or at least more beautiful – the vengeance is with the nations facing trade fire. It allows the exchange back to a trade war with China and the president with 125% tariff.

This will be its global economic echoes, but this is trying to limit Chinese ambitions, including democratic President Joe Biden, including the latest American foreign policy.

The great unknown will develop such a strategy for the establishment and threatening allies, which moved Trump’s actions in the last week and threatening the global command.

In 90 days, when the trump break ends, this week’s economic drama and uncertainty can restart.



[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *