“Tahrir’s Day” .. Trump declares war on “opponent and friend” and the economy of the world shakes economy

US President Donald Trump announced today, Wednesday, the imposition of new and large -scale customs definitions in a move described as the “Economic Liberation Declaration of the United States”, as the procedures included imposing a tax of 25% on imported cars, and 20% on all other imports, with higher rates targeting specific commercial partners:

• 34% on Chinese imports
• 24% on Japanese imports
• 20% of the European Union imports, according to the American CNN Business network.

The Trump administration hopes to reduce the trade deficit and stimulate the local industry, but the economic warnings came fast, as the American Chamber of Commerce considered that this step represents a “wide tax on consumers” and threatens the occurrence of a sharp rise in prices and an economic slowdown, according to the Wall Street Journal.

Anxiety, denunciation and willingness to respond

The American decision was met with rapid reactions from a number of countries and commercial partners:

• Canada, which was exposed to a 25% tariff on its products and 10% on energy exports, warned of a loss that could reach one million jobs and a significant increase in food prices. Canadian analysts warned of the possibility of the country in an economic stagnation if these measures continue without settlement, according to the New York Post.

• The European Union described the decision as “unpopular”, and the European Commission indicated its intention to respond with gradual counter -steps to protect the European market interests, according to CNN Business.
• Ireland has expressed great concern about the repercussions of this step, amid expectations of a loss of about 80,000 jobs, and a direct impact on multinational companies operating on its territory, which may compel the government to cancel a standard support package of 2.2 billion euros (2.4 billion dollars), according to The Sun Ayerland.
• Australia, by its Prime Minister Anthony Albaniz, described definitions as “more harm America than it will benefit”, and confirmed his government’s readiness to review trade relations with the United States if protectionist policies continue, according to News Australia.

Financial markets and anxiety indicators

Once the decision was announced, the financial markets witnessed a remarkable decline, as the futures for the Standard & Poor’s 500 index fell by 1.7%, while the NASDAC index fell by 2.4%, which analysts considered a sign of increasing concerns about the possibility of the American economy entering a wave of inflation and synchronous stagnation, according to Reuters.

Economic experts also indicated that the move may stimulate a series of commercial wars, especially if the affected countries impose counter definitions on American exports, which may affect global supply chains and basic material prices.

While President Trump believes that this step represents a restoration of economic sovereignty, warnings are increasing from a global wave of commercial turmoil. The reactions indicate that the United States may face significant diplomatic and commercial resistance in the coming days, in the absence of international coordination, and the breadth of the trust gap between Washington and its strategic partners.