Critical comments on President's decision to impose evidence duties on imported goodsAnd even any Republican senators, "breaks in Trump cheer camp". And the trade war that he started can leave the president with “permanent political scars,” the Washington diary points out.
"Washington Post" recalls that all these influential supporters of the president have so far allowed uncritically and in silence to release national administration staff, to mass deportation of immigrants, or to strain US global alliances. But now the tariffs “start to alienate corporate titanium.”
There is simply a certain failure of support for Trump in “a corporate America, as managers (...) rapidly begin to calculate the impact of tariffs on their portfolio and supply chain”, reports “WP”.
Donald Trump's movements origin anxiety in the United States
One of the most influential and celebrated presidents on Wall Street, Jamie Dimon, head of the JPMorgan pursuit bank, who had late underestimated the risks associated with the President's customs policy, posted a memo to the shareholders on Monday, informing them that "Recent duties are likely to increase inflation and prompt many (experts) to anticipate a possible recession".
The executive manager of the pharmaceutical company Eli, Lilly David Ricks, besides late approving Trump's policy, said on 4 April that introducing drastic tariffs will be costly for American companies and will most likely force them to reduce R & D spending and occupation losses. Even Elon Musk announced that "zero fares situation" should be between Europe and America and began attacking Peter Navarro, The president's business advisor, who is the main customs advocate in the White House.
"Highest US trade duties since 1909"
In the editorial article “WP”, Trump states that Trump “frees the US economy... and the harm it causes all day he maintains the course”.
"Without Congress' approval (what the Constitution requires), Trump has imposed the highest US trade duties since 1909.” recalls the editorial board.
Traders on Wall Street are as frightened as erstwhile the financial crisis broke out in 2008. Small companies that will not be able to bear the increase in the cost of duties will become insolvent. Furthermore, trade tariffs endanger to break supply chains, which may even lead to shortages of certain goods,” explained ‘WP’.
