Trump Starts Commercial War: The ‘unforeseen’ effects for the USA.

The US president, Donald Trumpwants to start this midnight a commercial war with its three main partners (Mexico, Canada and China) that could have unforeseen consequences by destroying one of the most integrated regions of the planet and causing a rebound in inflation and unemployment in USA.

The Wall Street Journal, ideologically conservative, has strongly criticized Trump’s decision to impose 25% of duty to a large part of imports from Mexico and Canada and 10% to China in what has baptized as “the most silly commercial war in history.”

“Autarchy is not the world in which we live or one in which we want to live, as Trump will probably learn soon,” Indicates the editorial of the economic newspaper, of the same media group as Fox News.

Trump responded to the editorial on Sunday, ensuring that the WSJ “is always wrong” when it comes to tariffs and trade “and added them to a group of” globalists “who want to” embarrass “the United States with disadvantageous trade agreements,” crime and drugs ”.

Upon arrival in Washington, Trump, who spent the weekend playing golf in Florida after announcing some tariffs for which Canada and Mexico promised to respond with reprisals, said the Americans “will feel a little pain for a short time” , but that the result of its radical change in commercial policy “will be worth the price” that they will pay.

According to Zach Motti, the president of Coalition for a Prosperous America (CPA), an organization of entrepreneurs that is part of the controversial project 2025, the rise in tariffs was something “that we had long needed to rebalance trade.”

Motti was especially hard with Mexico “that is not different from China when it comes to exploiting trade agreements and undermining the US industry.”

Nevertheless, A choir of expert economists have alerted to invalidate the treaty between Mexico, the United States and Canada (T-MEC) With these tariff barriers climbs it can have unforeseen and very negative effects for the United States by forcing to change supplies chains strongly integrated in North America and affect the competitiveness of American manufacturing globally.

According to Paul Ashworth, chief economist for North America of Capital Economics, the announcement of this weekend “is the first attack of what could become a very destructive global commercial war.”

Trump has taken unprecedented tariff measures against its partners of the Economic Zone of the T-MEC and against the main origin of its imports, China, which puts at risk a volume of wealth of about US $ 1.6 billion, equivalent to almost 6% of Gross Domestic Product of the United States.

However, some economists such as Jason Furman, from Harvard University, consider that the commercial war is “so crazy” that it will not last. “The problem of using duty To force changes in other matters, they can do a lot of harm. ”

According to Mary Lovely, a senior economist of the Peterson Institute, “it is difficult to identify some advantage that derives from these tariffs” and recalled that the increase in cost of importing will end up transferring consumers and will cause a rise in prices.

Paul Donovan, chief economist of UBS Global Wealth Management, warned that after the tonight of tariffs the price increase will be noticed “in a month” in food (many from Mexico) and fuels (by the importance of Canadian hydrocarbons).

For Larry Summers, former secretary of the Treasury with Bill Clinton, “This self -inflicted shock is a strategic gift” for the Chinese president, Xi Jinping, who could use these decisions to approach traditional Washington allies disenchanted with Trump.

Josh Lipsky, director of the Geoeconomic Center of Atlantic Council and international monetary background ex -analysis, considered that the increase in the taxes of 10 % will not affect China so much, since it can deal with this with a devaluation of its currency, with which which “Beijing’s economic reprisals would be more discreet.”