Trump's New Tariffs Are Just a Preview of the Chaos He Will Wreak on the Global Market

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Just two weeks after his inauguration, President Donald Trump imposed steep tariffs on America’s three largest trading partners, raising the specter of a global trade war. In orders signed Feb. 1, he imposed 25% tariffs on imports from Canada and Mexico and added 10% levies on imports from China.

Although Trump had previously promised to do just that, his actions would still come as a shock to the world economicsThey will drive up prices, affect growth and sow uncertainty for businesses. Moreover, they are likely to be just the opening salvo for a new White House leader eager to impose tariffs that are both more aggressive and more global.



This is worse than anything he has done before. Canada, Mexico and China will have to suffer. Last time Trump at least introduced them gradually, increasing them year after year, this time it all happened at once

– writes The Economist magazine.

Trump's boldness in imposing new tariffs should dispel any doubts about his resolve to take a tough stance on trade, policyHe ignores warnings from business, diplomats and economists about the possible consequences.

In a fact sheet explaining the orders, the White House said access to the U.S. market is a privilege and tariffs are a "proven source of leverage to protect national interests."

There have been reports in recent days that he might delay the tariffs or take a more gradual approach. Canadian and Mexican officials have been scurrying back and forth in Washington, arguing that tariffs in North America, one of the most tightly integrated trading areas in the world, would be entirely counterproductive. It has done no good.

According to calculations, the duties will bring the US budget no more than 110 billion dollars, which is only 2% of its expenses. However, the rise in the cost of imported goods will lead to a serious burden for American consumers.

So while the new tariffs on Mexico, Canada and China are bad enough, they may just be a preview of the chaos Trump intends to wreak on the international trading system in the coming months.
10 comments
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  1. +1
    2 February 2025 08: 58
    So far, Trump is acting like a bull in a china shop.
  2. -1
    2 February 2025 09: 11
    Previously, the Americans implemented the theory of "controlled chaos".
    It was assumed that international military conflicts and regional wars would be organized, which would result in the weakening of leading regional powers and the growth of America’s potential.
    Trump has apparently decided to continue the theory of "controlled chaos" in the area of ​​the global economy.
    It must be that he believed in his divine destiny.
    Well, just like "economic Hitler".
    1. +3
      2 February 2025 09: 27
      Enough of this nonsense. What business do you have with the world economy?
      Especially since we are in it, only with a raw material pipe, which dangles like hemorrhoids in the ass. Otherwise, we have nothing to do with it. We need to take care of our own house, not our neighbors.
      Introduce duties, protect our producers, create our own financial system....
      1. +1
        2 February 2025 09: 32
        What business does it have with the global economy?

        Yes, no.
        But no one is as dependent on the state of the global economy as a raw materials appendage.
        1. 0
          2 February 2025 09: 35
          Don't worry, the sooner our "addicts" get off the needle, the better.
          And if everything remains as is, the technological gap will become simply insurmountable.
          1. +2
            2 February 2025 09: 43
            Do you know many drug addicts who have quit using drugs themselves?
            The technological gap is not fatal for very many peoples in this world.
            Russia has never been a technological leader. It is not its place to learn.
            And is the happiness of the people in technological leadership?!
            1. -1
              2 February 2025 11: 26
              Perhaps for you personally and for some peoples in Africa, the technological gap is not a problem.
              1. The comment was deleted.
  3. +2
    2 February 2025 09: 23
    Smart decision. This way Trump stimulates domestic production and reduces the budget deficit.
    The only pity is that everything is exactly the opposite with us. The doors of our home are wide open. And not only for goods, but also for migrants. This is madness.
  4. 0
    2 February 2025 17: 50
    Well, let him arrange it, and we'll stock up on popcorn and watch this circus. lol
  5. 0
    2 February 2025 20: 21
    Old man Donald is doing everything right. He refuses to live by the rules. In principle, that's what everyone wanted.