As a US business leader, the Wall Street Journal editorial committee has called “the most stupid trade war in history”, and the Donald Trump administration has made a complicated response to the sudden trade tariffs in Canada, Mexico, and China. We provide you.
Donald Trump has launched a new era of trade war between the United States and the three largest trading partners, and hit Canada and Mexico in 25 % of imports on imports and 10 % of China on Saturdays. Customs duties for Canada’s tax oil and energy products are 10 %.
Mr. Trump uses urgent power to issue tariffs because it will be enforced on Tuesday, “for the main threats of illegal foreigners and citizens including Fentanyl.” He used his power on his own true social social media platform.
The journal states that this movement reminds me of the old Bernard Lewis joke, but it is dangerous to be an American enemy, but it may be fatal to be a friend. Except, “There is no point in adding it except for Mr. Trump’s justification of this economic attack on neighbors.”
It was added as follows. “Mr. Trump has revealed that he likes tariffs for himself, so the United States pointed out that he did not need oil or ingredients from his neighbors, so drugs may be an excuse. yeah.
“Mr. Trump may sound that the United States should not import anything. The United States will be a completely closed economy and can make everything at home.” “This is called AUTARKY, not a world we live, but not a world we want to live in, as Mr. Trump can easily understand.”
Trump reacts to the outlet editing position, and “Globalists are led by” tariffs “and the Wall Street Journal, which is always wrong, to justify countries such as Canada, Mexico, and China. Others who have posted in the truth of working in the United States will continue the United States for decades long for both trade, crime, and toxic drugs that are allowed to flow freely in the United States.
“That day is over!” And Trump continues with screen. “The United States has a large deficit in Canada, Mexico, and China (and almost all countries!) And have $ 36 trillion. We are no longer a” stupid country. ” “
Larry Summers under Bill Clinton called the imminent tariff a “supply shock of self -harm.”
“It means that there is a small supply to foreign suppliers, which means higher prices and lower quantities,” said CNN. “This is a self -harm to the US economy. We expect that inflation will be higher for the next three or four months as a result. I need to go up. “
ABC said this week, this week, Kirsten Hillman, a Canadian ambassador, said Trump’s tariff movements “hindering incredibly successful business relationships.”
“We are really disappointed and hope that they will not be enforced on Tuesday,” said Hillman. “We are ready to keep talking to the Trump administration about it.”
Hillman is eager to build Canada based on a business relationship with the United States, but says, “When you enter this kind of duties in this type of duties, you will maintain your common sense and move forward. Is difficult. “
Mexico President Claudia Sheinbaum ordered retaliation tariffs in response to US decisions to paper the customs duties of all products coming from Mexico, and her government seeks a dialogue instead of dialogue with a trade partner to the north. He said.
Symbaum has pointed out the government’s actions on Fentanil’s production in Mexico in October, seizing the 20m dosage of synthetic opioids and detention of 10,000 individuals related to drug trafficking.
Mexico has ordered retaliation duties, and the Canadian Prime Minister said that US imports would up to $ 155 billion of 25 % of tariffs. The Ministry of Commerce said that it would file a lawsuit against a World Trade Organization for “US illegal practices.”
However, some US business leaders have responded neutrally in Trump’s tariffs, which costs $ 1,000 to $ 1,200 for the average budget lab at the average American household.
Gregory Daco, Chief Economist of Tax and Consulting Firm Ey, calculates that tariffs will increase 2.9 % of inflation and reduce GDP this year by 1.5 %.
Jamie Dimon, the world’s largest bank, JP Morgan’s CEO, to effectively use the threat of tariffs in the World Economic Forum in Davos, Switzerland to negotiate more advantageous trade conditions. “Take people to the table,” he said.
Customs duties are “economic tools” or “economic weapons”, and Dimon states to CNBC according to how to use it. “I will put a field of view: If it is a little inflation, it is good for national security, that is, please get over it.”
Currently, William Rainsh, a former US trade representative of the Strategy and International Research Center, states that many companies are in stock in advance to avoid tariffs and can bring out existing stocks. Ta.
This can be an effective strategy of fresh products like construction materials, but not the effective strategy of rotten products that are not given the ability to stockpile. “You don’t stock avocado,” Rainch said. “I do not stock the cut flowers. You do not stock the bananas.”
The US Chamber of Commerce’s business group warned that tariff policies were wrong and could cause Americans.
Senior Vice President John Murphy, a group, stated: “It is correct for the president to focus on major issues such as our broken border and tragedy of Fentanil, but the imposition of tariffs based on IEEPA is unprecedented, and solving these problems. No, raise the price of the American family and cover the supply chain.
He added as follows: “The Chamber of Commerce, including the main street business nationwide influenced by this movement, consults with our members to determine the next steps to prevent American economic harm. “
Democratic politicians were not impressed. “Donald Trump was hired … he said he was going to lower the price of groceries. Two weeks later he’s doing the opposite,” said Senator Mark Warner. CBS’s face, “I told the people.”
Amy Crob Cur, a member of the Senator Minnesota, summarized her ideas in the early days of the MSNBC’s second Trump administration. He uses a chisel, he uses a sledge hammer. “
The story was revised on February 2, 2025 to clarify that Canada oil and energy products are under 10 % tariffs.
