It appears the US President is continuing to escalate his actions, as a package of tariffs has been officially announced that will affect almost all countries in the world. The countries most affected by these measures are America’s neighbors, led by Canada and Mexico.
The new tariffs announced by Trump will be imposed on America’s allies first and foremost, as America’s imports from Europe, Canada, and other Western countries constitute the majority of its imports. Of course, we shouldn’t forget China, which is considered an important partner for America. However, Trump wants everyone to pay additional tariffs to the US Treasury.
The new tariffs will improve the US economy, as the US market is one of the most important global markets, which encourages all companies to export their products to it.
The tariffs will reduce the pressure on American citizens, ease the burden of paying taxes, and create new jobs. However, this is all based solely on the US President’s perception.
Imposing new tariffs on companies exporting to the US will prompt most countries to respond in kind. This is what many European officials have declared, considering Trump’s move a direct attack on them and their companies. He previously announced the need for reciprocity from the US.
The new US tariffs will not pass without a reaction, and economists fear a global crisis due to Trump’s ill-considered decisions, which violate international conventions and economic agreements between countries around the world and the US.
It appears that the US president is exploiting America’s economic, political, and military influence and power to impose his logic on everyone.
