The United States are now kind – or at least kinder – with the nations that have faced his retaliation commercial attack.
For days, the President of the United States Donald Trump and his team of the White House insisted that they were fully engaged in the decision to impose “mutual” rates complete with dozen countries. On Tuesday they even ridiculed a report (08/04) according to which the president was taking into consideration a 90 -day break in charging the rates that triggered a short share market.
But now this break in the highest rates, with some extraordinary exceptions, is a reality. The reformulation of the global economic order is suspended and Trump’s promise of a gold era of American production will have to wait.
The White House said that the plan from the beginning was to impose high rates and then pause before starting the negotiations with countries individually.
“More than 75 countries have contacted us and I imagine that after today there will be more,” said Treasury Secretary Scott Besent shortly after the announcement.
This formulation of the White House is not surprising, of course. And it is difficult to ignore the panic of the investors, the drop in the title market, the growing choir of republican criticisms and the disapproval of the public who preceded the announcement.
But was it a strategic reduction in the face of unexpected resistance or an example of Trump’s “art of negotiation” strategy?
He did not spend much time before Trump’s councilors – many of the same people saying that they would never withdraw – dispersed and celebrated the president’s decision.
Peter Navarro, Trump’s commercial councilor, said that the president’s tariff situation “took place exactly as he should”.
“Clearly you have not seen what President Trump is doing here,” said the secretary of the press, Karoline Leavitt, to a group of collected journalists. “The whole world is calling the United States of America”.
They were less clear about the details of the Trump tariff suspension, announced by a post on his social truth platform.
Was the truce in relation to the highest rates applied to the European Union? Mexico and Canada, who had avoided the original basic rates of 10%, were somehow included? Have the rates been directed to specific sectors interested?
In the end, the White House in the end clarified some of these questions, but for hours we commercial partners had to analyze Trump’s post on the social platform of truth and obtain details from the answers to the questions asked by journalist groups.
On Wednesday afternoon, Trump recognized that the markets seemed “rather massacred” and that “people were becoming a little nervous”, a reflection that undermined part of the swagger that expressed last week and could suggest the real reason for its change in rates.
At the beginning of the day, he was on the social platform of truth, asking people to “keep calm!” And promising that “everything will work”. And on Monday he attacked what he called “Panicans” – A party based on” weak and stupid people “who have not had patience with their efforts.
Finally, it was Trump who adopted a sharp change of course.
However, he insisted that his tariff announcement was something that had to be done and that any economic disorder reflected a disease that had been authorized to spread in the American economy.
The Democrats, in turn, painted a less optimistic picture. The leader of the minorities of the Senate Chuck Schumer accused Trump of “govern the chaos”.
“It’s disconcerting, he is retiring and this is a good thing,” he said.
In the end, the reasoning behind Trump’s decision may not be important.
The reality is that the United States are now kind – or at least more kind – with the nations that have faced their retaliation commercial attack, although Trump is still imposing a total rate of 10% which, alone, would have been great news for a few weeks.
However, it is a sufficient withdrawal for the stock market, and now Trump is turning into a commercial war with China, which has attacked with rates of 125%.
This will have its global economic repercussions, but is more aligned with the recent American foreign policy, including former democratic president Joe Biden, as he tries to contain Chinese ambitions.
The great stranger, however, is whether Trump’s actions last week – who put the allies in trouble and threatened the global order established – will make this strategy more difficult to adopt.
And in 90 days, when Trump’s break expires, the economic drama and uncertainty of this week can start over.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
