Trump faces moment of reckoning on trade after delaying tariffs
In the first week of President’s term of office in Donald Trump, tariff-the favorite topic during the presidential campaign last year-dogs without barking.
Trade seems to be falling, and the new government enforcement of law enforcement, conviction of riots in the parliamentary building, pardon of fossil fuel energy policy and federal labor turbulence-urgent.
In the past weekend, when Trump announced a 25 % tariff on Canadian and Mexico American allies and 10 % tariffs imported by China, all of them changed.
Then Since then, he has postponed the collection of these tariffs After the two countries agreed to the new border measures, one month after his North American neighboring country, the president still faced a moment, and he would eventually have to decide whether to match his remarks with action.
Trump often talks about the trade deficit between the United States and its two neighbors, which is the key source of his dissatisfaction. If so, no matter what the indicators or specific requirements, any new border safety or seizure of drug epilepsy will not give the president completely abandon its tariff threat.
Trump also said that he believes that tariffs are not only a tool for achieving policy goals, but also a permanent source of US income. It is also a means for government plans to provide funds and reduce budget deficits. If this is his ultimate goal, the tariff on the largest trading partner in the United States may be the only effective answer.
On Monday, the global financial market was in trouble in this prospect, because the United States appeared on the edge of the multi -lead trade war with some of the closest economic partners.
Trump suspended tariffs after talking with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau. Although China’s new duties have taken effect- And promote Beijing to take revenge measures -The market believes that the actions of the United States are less destructive and small.
In contrast, if the United States and Canada and Mexico have conducted a series of upgraded tariffs, these tariffs on goods on 2023 products account for 1.57TN (1.24tn) costs, then the global economic impact may be disastrous. Essence
At present, Trump has announced at least some victory, and this possible development may have been avoided.
However, the details of the content recognized by Canada and Mexico depict a more complicated picture.
Although Canada agreed to form a combination of anti -crime strikes with the United States and appointed the “Findnini Emperor”, its detailed specific steps were part of the border security plan announced by Canada.
Mexico promises to strengthen drug execution and 10,000 soldiers patrol the United States-Mexico border-but these numbers reflect the country’s deployment in 2019 and again in 2021
In a month, Trump will have to decide whether Canada and Mexico do enough to meet his requirements, or whether the delayed tariffs will take effect.
However, it is difficult to obtain a solid figure for proof.
According to the government’s own measures, American immigrant officials only seized the 43 pounds (19.5 kg) fentanyl and captured 193,540 people on the 193,540 people on the Canadian border in 2024. Seizure-also there.
Since the damage inspired by tariffs on Monday morning, the global financial market has been greatly calm. Investors seem to have concluded that Trump is more in trade in trade.
President may be able to extract more concessions from Canadian and Mexican leaders within a month, but they can also conclude at some point that Trump is not willing to follow his threat.
Despite the successful claims, his efforts to trade may eventually lead to a reduction in return.
At that time, the president would decide. Has he put on his greatest tariff plan? His dream is to return the United States to the unrealistic dream of the US trade policy (he said that this is the golden age of the US economy)?
Still he pays more attention to the vision of the new global trade order for the new, though there is at least the risk of short -term economic pain?
At that moment, it was delayed. But it comes.
Following Trump’s second presidential term of the presidential term in North America, Anthony Zurcher, American politics is constantly growing communication. British readers can Register hereEssence People outside the UK can Register hereEssence
