Donald Trump and his trade war with the full world. "Trying his strength on the weak"

Onetu, however, points out that Poland is in a comparatively good situation here: “We place our goods on the European Union market. Of course, exports to the United States are increasing, which drove Russia out of the position of our main partner outside the European Union. But in our export, it's about 3 to 3.5 percent. This indicator is growing, but inactive specified a trade war is not severe for the Polish economy.

The economist believes that the trade war with the US can be severe "for export economies specified as German or Dutch".

Why is Trump scaring Europe, but Mexico, or Canada? — He seems to consider these possible revenues as a origin of budgetary gross to reduce taxes. And secondly, this is his negotiating position. It strikes Canada or Mexico to force concessions that have already been declared, says Lewandowski.

Trump supporters are delighted

The erstwhile EU Commissioner believes Trump "lives a nostalgia behind the turn of the 19th and 20th centuries, erstwhile indeed customs were the foundation of the national budget of the tiny United States government". “Now this government is great. And customs are a tiny part of all of this.

When you look at comments in the United States, you can get the impression that at least any Trump supporters do not realize that the customs war will besides hit their wallets.

“Trump is simply a master of communicative that “America again great”, “America can do anything”. This is another declaration of power of the United States that supposedly can, for example, disembark people from across the Gaza StripWhich, of course, will not happen.

— In fact, duties work in specified a way that an American importer either has to charge these duties to his client in the United States or reduce his profit. Ultimately, it is simply a failure to the American economy too, comments onetu.

He adds that "most of all in Europe we have wondered that Trump, threatening China with very advanced duties, yet decided on 10% tariffs."

Martyna Niecko / Electoral Agency.pl

Janusz Lewandowski

Strong for the weak, weak for the strong

— He did this due to the fact that China is simply a power capable of retaliation. On the another hand, Trump tried his strength on the weaker ones, Canada and Mexico, with whom he actually has trade deficits. But it is not the responsibility of Canadians or Mexicans that they do not want to buy costly American products besides much, says Lewandowski.

However, he points to another aspect of the threat to Canada and Mexico: “Trump most likely besides wanted to indirectly harm Chinese exports. The free trade region of North America makes Chinese assembly plants in Mexico and Canada actually have duty-free access to the American market. These duties were so intended to in any way besides harm this indirect Chinese exports.

Trump announced that it temporarily suspends the thought of 25 percent customs duties on Mexico and Canada. - Good. But unfortunately, this is accompanied by very disturbing, powerful announcements. These are power activities for interior use. They can appeal to Americans until they feel the consequences of this trade war, especially if retaliation is to take place, says the erstwhile EU Commissioner.

Onetu’s talker recalls that Trump had already led commercial wars during his first tenure. — We in Europe during this war We tried to sting the icon of American exports, especially the British were very active here. The American export icon, I mean Harley-Davidson motorcycles, Lee jeans, Jack Daniels whisky. That war was lost by Trump, the trade war with China was lost too. There was a ceasefire in 2020 and there are no conclusions from these lessons,” he points out.