Has the climax already been reached or has it further escalated? – Diepresse.com
Donald Trump’s customs war against China leads to massive faults in the global economy. But now the US President suggests that the American customs wall could soon be dragged. At least partially.
Passengers are already eliminated in the United States, and airlines worldwide are concerned about business. US consumers are in a shopping frenzy because they fear that they will soon no longer be able to afford foreign products. World trade threatens a damper. But it could get much worse. Because in the United States, a flat-rate customs of ten percent on everything that higher reciprocal tariffs are exposed to the most important US trading partners are currently exposed to. In the United States, higher tariffs only apply to steel and aluminum imports, cars and Chinese products.
The China tariffs of US President Donald Trump, who has paid for Beijing with counter-tariffs and other measures, amount to 145 percent. Finally, Washington threatened to put 100 percentage points on top and increase the tariffs to 245 percent. But at the end of Holy Week, Trump struck gentler tones. The customs conflict continues to escalate, or is the worst over? « The press » with an overview.
