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Washington (AP) – Planet with Gobmak wonders what will occur next from President Donald Trump on a tariff madness, which he established in a zigzag movement.
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In recent weeks, Trump announced the punishment of tariffs against allies and opponents, selectively stopped them, doubled, and then by half, and warned at the tip of the week that he would tax European wine and spirit in a 200% stratosphere, if the European Union does not drop 50% of the American tariff.
Its final goal is obvious: reviving American production and winning compromises along the best way. But people and nations whose fortune grow and fall on trade try to play the strategy of its machination. Until now, he has stimulated concerns about slower growth and higher inflation that reduce the stock exchange and consumer trust.
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“His tariff policy is unpredictable, more unpredictable than April weather,” said Robert Halver, head of capital markets evaluation on the German bank Baader Bank from the ground on the Frankfurt stock exchange. “So there is no certainty of planning.”
The same applies to ex He is careful on the seemingly fight of Trump, during which countries and goods can hit and how hard.
“It is changing by an hour now, right?” Said O’Callaghan. “You know, it is difficult to move and manage, and everything changes so quickly.”
In Canada, the generation of political leaders considered it proud that their country and the US were dividing the “longest insignificant border of the world” as they liked. No more.
Trump unites Canada
Trump’s huge taxes from Canadian imports appear within the context of his desire, the USA to absorb a neighbor, the ambition of the United Canadians on the left and right within the nickname of anger. A recent Nanos survey showed that the overwhelming majority of Canadians claim that their opinion in regards to the United States has fallen a 12 months ago.
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“Americans want our resources, our water, our land, our country,” said Prime Minister Mark Carney a few days before his curse on Friday. “Think about it. If they succeed, they will destroy our lifestyle. “
The Canadian Minister of Foreign Affairs Melanie Jola said: “If the US can do it to us, their closest friend, no one is safe.”
Trade wars brought on by retaliation and escalation tariffs are often created in grinding laws, as was the case with the Smoot-Hawley Tariff Act almost a hundred years ago. This round comes from Trump’s executive activities, with a passive congress and can change like weather, and perhaps even his moods.
In this manner, March came like a lion.
Watch your manners
Personal Pique is a component of all of it, suggests the secretary of trade Howard Lutnick. “If you make him unhappy, he corresponds to unhappy,” said Bloomberg TV, explaining that Trump did not like it when various countries directed to latest American tariffs took revenge with their very own tariffs.
Lutnick also said that Trump was not completely satisfied when Canada did not show “immeasurable respect” for its business complaints, said Lutnick. “Say,” Thank you, I would like to work out with you, “he added, as if advising Ottawa, how to be properly confirming. “” I want you to be happy. “
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Trump himself said about Canada: “We don’t need anything they have.” Canada is the biggest foreign supplier of steel and aluminum for the USA and a key source of energy, cars and automobile parts through the integrated automobile industry in North America, food, critical minerals, fertilizers, wood and others.
His stopping and starting tariffs shook the stock exchange, brought some concessions and caused a whip in industries and countries:
– Heavy taxes were announced from Canadian and Mexican products, for shelves for a month – someday away from entering _, and then two days later corrected for release, for now a variety of goods covered by a business pact in North America renewed in the primary term of Trump. Trump’s helpers say that the explanation for these tariffs is the tip of fentanyl smuggling and illegal immigration, although the president also wants to close the business deficit with the 2 largest trading partners in America.
– Trump got stuck with latest tariffs to China, applying a 10% penalty, and then doubled, attracting a retaliation tariffs of 15% to American agricultural goods last week. The US tariff also applies to fentanyl.
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– The prevailing tensions between Canada and the US have expanded when Ontario, probably the most populated province, took revenge against American duties with the announcement that it could add a 25% subsidy to electricity, which it exports to several states.
Trump, which will now organize Canadian sovereignty at every step, immediately threatened that the Canada snapped 50% tax on steel and aluminum. Then he went back to the still strong 25%, when Ontario withdrew, in a drama, who played only an hour.
But on Wednesday, the worldwide US tariffs began to steel and aluminum, and Europe replied. The EU has announced their duties on American textiles, home appliances, MotorcyclesPeanut butter, jeans and many others. American whiskey, popular abroad, has been marked for a 50% tariff.
Trump’s answer: 200% to European wine and ghosts and on champagne.
“We want toast, not tariffs,” said Chris Swonger, president and general director of the Distilled Spirits council within the USA
But escalation seems to be a toast of the day. The United States has a latest wave of mutual tariffs in accordance with Europe initially of April, and exemptions for the automotive industry and other industries are to expire.
There is not a good likelihood that the march will come out like a lamb.
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Associated Press Writers Mae Anderson in New York and Josh Boak in Washington and video journalist Daniel Niemann in Frankfurt, Germany contributed to this report.
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