Nowhere to hide: Trump tariffs leave trading partners cornered

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Beijing/Berlin/Ottawa: US trade partners have some good powers in their trade war with President Donald Trump, in addition to prosecuting peace.

Government officials, economic experts and business experts say the world’s dominant economic superpower has been subjected to 10-50 percent of their exports on their exports, lacking political desire to overthrow or eliminate firepower.

That is why the majority of trade partners did not immediately retaliate and indicated to prepare to discuss the face -to -face agreement with Trump. Even among those who have taken retaliation, the door reward was left for dialogue.

From China, which slapped 34 % of additional taxes on all US goods on Friday, Canada, which has taken a limited retaliation, needs to come to the United Nations sooner or later, US consumption is so important-according to the European Union, according to European Union data.

In addition to the talks, governments have limited powers to protect their export industries and broader economies. These include spending on state aid or broader economic stimuli – Spain announced Thursday 14 billion euros (.5 15.5 billion) relief package – or looking for green commercial pastures. German officials are watching from Mexico, Canada and India.

But after many years of pandemic diseases, it will be difficult for some people to fund subsidies and other financial aid to prevent economic growth, reduce economic growth, profit warnings and discomfort.

Economists expect Beijing to release more financial motivations to support its economy, which sells more than $ 400 billion worth of goods to the United States a year. According to Chinese policy advisers, it will also try to prepare other export markets.

“We need to strengthen our harmony with ASEAN, Japan, South Korea, the European Union and the UK,” a Chinese adviser spoke on condition of anonymity because of the sensitivity of the issue. Trump’s ‘Liberation Day’ rates levied taxes on Chinese exports after the inauguration of January.

Even despite China’s economic weapons – its financial power, major minerals for modern industries and the production of metal and the dominance of centralization for global supply chains – a negotiating war is expected.

In view of the enmity between Washington and Beijing, it may take some time, though speculations are underway that Trump and Chinese President Shi Jinping may be found in the United States in June.

Economic shocks

Countries of China’s power can soon reach the table.

A government official said India was already in talks and was not considering retaliation. Official sources said it had given Washington incentives before the latest revenue, and it was open to cut taxes on US imports more than half of US $ 23 billion in the first phase deal.

It is expected that negotiations will be preferred in Vietnam, with a limited scope for subsidy and trade diversity. According to Leaf Schneider, the head of the international law firm Luther in Vietnam, he added, “According to Leaf Schneider, the head of the international law firm Luther in Vietnam, he added,” He will prefer negotiations to avoid economic trauma. “

Thanks to its success as an offshore option for diverse manufacturers from China, it is the sixth largest exporter in the United States because of its 46 % tariff.

There is usually nowhere to run near Southeast Asia. Its efforts to deepen trade with China, Japan and other major neighbors have led to the alphabet of trade groups that ease trade, but the US trade trauma decreases.

Prior to Trump’s announcement, China, Japan and South Korea conducted their first economic dialogue in five years, trying to promote regional trade. But there are doubts, at least not because they are exporting all three power houses, not supporting global demand.

Holidays have begun

The European Union, which is already abandoning security by the Trump administration, said that the 450 million people are ready to retaliate against Trump’s 20 percent tariff against the common market block and look at other markets.

German Minister of Economy Robert Hebek united Mexico, Canada and India, saying, “The oppressive of the alliances … this is the order of the day.”

Trade deals may take time, though – the time that Europe and others do not have. The European Union and South America’s Mercosore Block spoke for 25 years before unveiling the Free Trade Agreement in December. Trump’s mutual prices are implemented on Wednesday.

It also takes time to re -introduce the economy to tackle global protection, which German economists say is the right response. He says structural reforms, such as more competitive and tech investment, are superior to state stimulus.

“There is not much here that financial or financial policy can be done in the short term to meet the shock of trade trade,” said Deutsche Bank economist Robin Wincler.

German Bank Baronberg says a large part of new US revenue can be brought back to negotiations, with US defense firms in Europe offer more agreements such as privileges.

Canada was rescued from additional rates this week, but it is already railing, 25 % of US revenue on its auto, steel and aluminum exports. Canada is slipping on subsidy, which has been financed through its own retaliation, but the pain is still being felt.

European car maker Stellats NV said on Thursday that it would stop production at an Canadian assembly plant. And companies have reported that they have already started roofs and are moving towards new markets.

Some countries have complained to the World Trade Organization, the World Trade Organization, the World Trade Organization, but it is decided by business experts, not at least because Trump paralyzed his top appeals bench in his first term. Nor is the Geneva body seen as a potential location to restore tariff disputes.

“If they continue to pursue protectionism and stick to this unilateral point of view, I don’t see them returning to the WTO for multilateral negotiations at any time,” Marco Molina, Advisory Firm Molina & Associates, and the former deputy representative of the former deputy representative. “And it’s a really shameful thing because the WTO was literally designed to solve.”