Donald Trump suspended the rates he decreed about the exports of his two neighbors, Mexico and Canada.
The two, Canada and Mexico, agreed to reinforce borders and prevent the passage of both immigrants and fentanyl synthetic drugs, the most kills in the United States.
For now, only the rates against China are standing, which Trump announced as the first target with Mexico and Canada.
But the damage is already done. The shock wave caused by the US president is still around the world.
The tactic tactic – a commercial policy weapon – to deal with border problems sowed a kind of chaos. Economists may differ on the effectiveness of protectionist measures, but there is consensus among them about the general damage brought by tariff wars, which end up generating more inflationary pressure and less economy growth.
Even more serious are the consequences of Trump’s posture in geopolitics. Their preferential targets are friendly and allied countries – besides Mexico and Canada, the European Union. In other words, by kicking friends, Trump helps create convergences toward those who consider his main enemy – China.
He is implementing the United States as a municipal country, attached to the illusion that he can survive alone and need no one. And destroying an alliance system that has always been the maintenance of the power of the great powers.
The result of the first threats will likely reinforce Trump the notion that if it beats hard, it goes. The Brazil to take care of yourself.
This content was originally published in Waack: Trump fares are shot in the US foot on CNN Brazil.
Source: CNN Brasil
Bruce Belcher is a seasoned author with over 5 years of experience in world news. He writes for online news websites and provides in-depth analysis on the world stock market. Bruce is known for his insightful perspectives and commitment to keeping the public informed.
