Donald Trump amazed everyone on Wednesday, announcing a further increase in customs duties on goods from China, while at the same time stopping the tariff increase for all another countries for a period of 90 days. The U.S. customs duties on Chinese goods are now 125 percent.
“ Trump’s goal is besides to maximise the global trading ecosystem. By doing so, it strengthens the image of an unpredictable individual who can do absolutely anything,” notes Radosław Pyffel.
The expert points out that "this is simply a major obstacle for both the Union, which takes decisions after multilateral consultations, but besides for China". “No 1 knows what Trump will do. On the another hand, it's his biggest flaw. Many countries can get tired of this unpredictability rather quickly, he says.
“ We seem to have a very spectacular version of trade wars. A real collision of Chinese cool yin with a hot and unpredictable Trumpian yang. This will be a immense challenge for Europe and Poland, for which a real test is coming, due to the fact that they will should be put into practice, developed and prepared scenarios for another frequently amazing Trump moves and reactions from China, says Pyffel.
— So here comes the verification, and whoever has prepared well will gain, and whoever has not prepared will act reactively and may pay a very advanced price for it,” he comments.
