dinero_admin The trade war unleashed by the President of the United States, Donald Trump, escalated another level this saturday with the entry into force of the global tariff of 10% on all imported products. In a message from his Social Truth network, the president acknowledged that the process “will not be easy”, but assured that it is an “economic revolution” that will strengthen the nation. “We are going to win. Resist”, the Republican leader asked.
The new package of tariff measures was applied from 00:01 on saturday, affecting 184 countries and territories, including the European Union. For some partners such as China or european countries, the tariffs are even more severe: up to 20% for european products and 34% for certain chinese goods. The announcement, made on april 2, triggered sharp global stock market falls, like those experienced during the pandemic in 2020.
Trump defended his decision by claiming that the countries have “mistreated” U.S. exports for decades. In his opinion, the tariffs will make it possible to recover jobs and businesses on national territory, boosting industry and protecting the domestic economy against foreign competition.
The measure has generated a wave of warnings from economists, business chambers and international leaders. They fear that higher import costs will translate into higher prices for the U.S. consumer and a possible drag on the economy, risking recession. “There are no easy trade wars”, commented one analyst on Wall Street.
The message makes it clear that Trump is willing to further strain international trade. The trade war is already underway, and the consequences are just beginning to be felt. The next few weeks will be crucial to gauge the real impact of these tariffs and whether the resistance called for by Trump will be enough to withstand the global economic pressure.
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