Dan D for American Customs Bomb

The old American Independence Day is still 4th. July, which marks the memory of adopting the Declaration of Independence 249 years ago. Due to the Liberation Day, announced by President for decades by the president of the past decades Donald Trumphowever, critics are afraid of celebrating 250. The US anniversary next year. Proponents, on the contrary, are expecting a new American golden period for which they are willing to risk stock exchange shocks and alliance so far.

Only Wednesday afternoon after East American time, the father of the doctrine « Let’s do a lot » will accurately explain their customs penalties for friends and opponents, which will be up to 25 percent. Financial markets are afraid of great turmoil, world exports of severe strikes to domestic development. Republican President Trump, however, did not even break the old alliances. Also, friendly countries are accusing the long -standing economic exploitation of the United States and their workers.

In the past twenty years, five million industrial jobs have emigrated from the US, and traditional industrial centers have turned into ruins with numerous drug addicts. The Americans got a lot of cheap foreign products and a huge trade deficit. Strategic aspects of the latest globalization are also important for Trump and his. With current combat production, they would not be able to win in World War II, let alone the third, they say, so China would be capable of it, which, with its own obstacles for foreign exports and theft of intellectual property from poverty, brought hundreds of millions of its population. In doing so, the American « rust » belt is supposed to stock up with drugs smuggled in the USA by Mexican cartels.

Together with Canada is a southern neighbor during the previous Democratic President Joe’s Bidn It dropped millions of migrants in the US, and the first Republican threatened both with particularly high penalties. It has no nice words for allies such as Germany, Japan and South Korea, which all perceive large trade surpluses with the US. The companies of all countries invites you to open factories in the US, as they will avoid all customs. It counts that the current trade partners will be much worse and will be resurrected again as a lighthouse of the world industry and innovation.

Also concerned by Trump’s voters

Trump’s role model is supposed to be a Republican president William McKinleyin his opinion, at the end of the nineteenth century, with high customs, it allowed the twentieth « American century ». Critics prefer to resemble a great depression from the 1930s. The customs punishment of trade partners and the problems of many sectors of the world economy can bring countermeasures and cause globalization, other countries may be charged with the US communication and technology industry, which now has major surpluses. Recent public opinion polls also show increasing concern among Americans who have elected Trump for anger over the dearness during the Democratic predecessor, Joe Bidn. Many of them have their pension savings in joint stock funds.

Stellantis employed by Italian Turin. Photo: Massimo Pinca/Reuters

And Trump and his advises them to ignore the imminent stock exchange. The new customs duties are expected to acquire around $ 700 billion a year, thereby taxing taxes on car purchases and everything else, even rumors about the abolition of personal income tax have heard. The Republican President has promised to take care of Main Street, as is called the former main street with shops and outlets in countless American cities, but not for Wall Street. Proponents of the movement « Let’s do America that will produce things again », including American financial and other elites, blame the unknown enrichment at the expense of the ordinary man.

According to Japanese offensive, Chinese

Trump’s defense of criminal customs duties is nothing new. The former New York real estate magnate in the 1980s condemned the then export offensive of Japan to US markets. In the end, Tokyo himself limited the export of cars and other goods, including the construction of factories in the US, and in recent days it has been heard that something similar would try China. But these are also guesses, as the Asian giant has been underestimated for many years in Washington.

Germany – and z. She is the leading Christian Democrat Friedrich Merz – will have to decide on the future development model on behalf of all Europe. Photo Odd Andersen AFP

Democratic President Bill Clinton she justified her entry into the World Trade Organization with the announcement of the domestic export offensive. Beijing, meanwhile, has obtained assets for ambitious arms that threatens US dominance in Asia and even South America.

The world may also have even more severe global turmoil due to Trump’s penalty customs. The Republican champion also counts on other aspects of his economic policy, such as tax reduction, promoting the acquisition of domestic fossil and other energy, and billing with an expensive state apparatus. All this, however, brings domestic friction, which, if there is no rapid economic success, will only strengthen the sense of uncertainty around the world.