Former U State SecretarySA Anthony Blinken warned in an interview with CNBC that the policy of the fresh administration led by Donald Trump, consisting of tightening of import controls leads the country to isolation.
"We had China, 20 percent of global GDP, erstwhile we have a uniform approach, as we did only a fewer months ago, with partners in Europe, in east Asia, we have 50-60 percent of global GDP. It's much harder for China to ignore something like this. And that's the way to do it. I am afraid that we are going to a place where alternatively of “Americana First” will be “Americana Alone”, Blinken said.
According to Blinken, the White House's fresh actions may rise the issue of the US's credibility for another countries. “Put that genie back in the bottle will be difficult,” said a erstwhile official.
Trump signed an implementing regulation on 2 April imposing ‘reciprocal’ customs duties on imports from another countries. Their base rate is 10 percent. and for 57 countries, since 9 April, increased rates have been calculated on the basis of the United States trade deficit with the country afraid and the nonsubjective is to accomplish a balance. But already on April 9, Trump announced that over 75 countries had not taken countermeasures against the United States and demanded negotiations, so for 90 days for all but China basic import duties of 10%, for China – 145% due to Beijing's retaliatory steps.
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Daniel Głogowski
Expert in economics and social activities, experienced writer and writer. The first articles were published in 1999 in publications for global publishers. Working with leading planet newsrooms.
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Former US Secretary of State warns against country isolation