How tariffs distort the competition on the world markets – Diepresse.com
Trump’s reciprocal Zölle protect US companies from foreign competitors. But ultimately they also help companies from those countries that get away with comparatively lightly. US companies only benefit from the trade barriers on the home market. The tariffs damage them on the world market.
US President Donald Trump sent shock waves through the global economy with his customs policy. The stock exchanges only knew one direction for days after Trump announced his reciprocal tariffs: downwards. The relief was great when the Republican had exposed the most tariffs for 90 days. A basic set of ten percent now applies, only for China many times away. However, not all companies that export to the USA would have had a problem with the higher reciprocal. David Waine, Managing Director of Con Mech, a specialized steel designer in the northwest of England, said shortly after Trump announced his reciprocal tariffs to BBC Radio that the tariffs for con mech are a chance. Because the international competition has to accept much higher tariffs. « We should actually be more competitive on the US market than in previous years, » said Waine. Trump wants to build the domestic US industry, but that will take some time and America will continue to be dependent on imports.
