DOnald Trump You have declared War (of Trade) on The Entire World With His “Reciprocal Tariffs” and AnnoCed to “Liberation Day” on April 2, 2025. The Increase Increase increase 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European and 37% for the European European
The list continues ad nauseam. These are added to the early decisions: an additional universal tax of 25% in imports of steel, aluminum, derived products and cars, as well as tariffs applied to Canada and Mexico, despite its free trade trade.
After the “Day of Liberation”, China and the United States participated in an unprecedented tariff war: reprisals, contracts … with, ultimately, tariffs on each side, rise 100%. Canada and the European Union also announced reprisals against the United States.
On April 9, the US president reversed the course, announcing a 90 -day break to apply his reciprocal tariffs. Then, on April 12, electronic products were exempt from additional tariffs. Again, this decision was presented as temporary.
Global GDP Decrease
Imagine that there was no retirement in the leg after the “day of liberation” and that reciprocal rates and reprisals announced that they had implemented the leg. According to an initial estimate of the Prospective Studies Center and International Information (CEPII), the US tariff rate would have increased from 2.6% at the beginning of Trump’s first period to approximately 30% today.
This commercial war in early 2025 would ultimately lead to a decrease in the global gross domestic product (GDP) or almost 0.8% and the global trade of goods by 4.2%. This loss in global GDP is the cost of decreased rationality in the organization of global production. It does not take into account the current peak of uncertainty, which will inevitably affect investment and growth throughout the world. In the short term, the loss of GDP and trade could be much greater.
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