- According to onetu, the introduction of fresh tariffs by Americans may even consequence in a double increase in iPhone price for the Polish consumer
- At the same time, the Chinese can redirect their production capacity to the European market
- Similarly, it can be in the intra-EU market. – For example, if the French do not want to sale their wine with this immense customs charge from the United States, it is better to send it to us – says Prof. Ryszard Piasecki
- More specified comments can be found on the Onetu homepage
– The current president challenges 45 years of American globalisation policy. And an even longer period of promoting free trade worldwide by the United States. Therefore, the change of course is so severe and amazing – he talks about the fresh customs rates introduced by Donald Trump, Prof. Ryszard Piasecki from the Department of Economics and improvement of the University of Lodz (Łódź).
However, with onetu, we found the benefits that the Polish consumer can gain from the global confusion caused by the American President. but I'm certain these benefits don't apply to United States brand fans.
The economist recalls: Americans were the promoters of customs reductions
– Over the last decades, the Americans have been promoters of tariff reductions, with an average level of as much as 40% in the first years after planet War II. They did so first by means of the GATT agreement, then by the WTO and in 2010 this level decreased to about 3% – reminds Prof. Piasecki.
Let's remember what's changing.
According to European Union data (quoted by Deutsche Welle last weekend), the average customs work on trade between EU countries and the United States has late been "about 1 percent on both sides" (although, for example, the Community applies 10% of the duties on passenger cars imported from outside the Union, including the US).
However, Trump introduced a minimum 10% work on goods from all countries trading with the United States from 2 April. As of 9 April, additional rates will enter into force for 57 countries with a surplus in trade in goods with America: the work on EU goods will be 20% and the rate for Chinese goods will be 54% (after adding an additional 34 % tariff to the previously announced 20% tariff).
“Retaliation” of the EU? alternatively “big tech”
– If Americans start charging work at this 54 percent rate For example, for the iPhone components that are produced mostly in China, and then those American iPhones will inactive be “retaliatoryly” retaliated by the EU, then their price for the Polish consumer will increase even twice – says Prof. Piasecki.
However, the economist at the University is not at all certain that the EU will respond with a "retaliatory" impact on American goods. According to prof. Piasecki, this "retaliation" may trust on a fresh way of taxing alleged large techs from the United States, or powerful technological companies specified as Google or Meta (i.e. the owner of Facebook).
Cheaper Chinese brand smartphones?
And what are the benefits that Polish consumers can anticipate – if they are not fans of American brands?
– It is worth considering whether the Chinese will not increase their exports to Poland with specified behaviour. I usage a Chinese brand smartphone, and I'm happy. And with specified an increase in Chinese supply and redirection of released generation capacity China will most likely drop the prices of specified devices on European markets. Well, If individual doesn’t care about iPhone and buys a smartphone, they can usage the confusion – says Prof. Piasecki.
Similarly, it can be in the intra-EU market.
– For example, If the French don't want to sale their wine with this immense customs charge from the United States, it's better to send it to us, even at a reduced price – the expert predicts.
‘Trump can bend’
However, prof. Piasecki is not convinced that the rates planned for the introduction on 9 April will definitely enter into force – and if so, whether they will last long.
“Trump can bend under the force of American entrepreneurs who are afraid about the current confusion,” says the economist from the University of Lodz. An example of this confusion was Monday's drop at the beginning of the fresh York Stock Exchange. Then her indexes bounced back to dive again (when we finished talking).
Such "rollercoasters" are observed with concern by Americans, due to the fact that they, as prof. Piasecki emphasizes, invest their money in the stock marketplace for future pensions.
