The world lives on a hot plate, after US President Donald Trump announced wide customs definitions that were not excluded even Washington’s closest allies, which was covered by episode (4/24/11) of Al Jazeera Net panorama.
The third of April was not an ordinary day in the world’s markets, as Trump’s move was enough to ignite panic in the markets, and some described it as economic war, amid expectations of global stagnation and the end of the era of globalization.
The US President believes that customs measures will make the United States great again, but his decision exposed international banks to a violent tremor with a combined loss of more than $ 700 billion of its market value within one week.
The losses were inflicted on almost all American companies, but the major share was the share of technical companies, which exceeded their loss combined almost more than one trillion dollars.
The shares of emerging markets hinted their gains for this year, in one of its worst days since the global financial crisis, and analysts considered the current collapse in the stock markets historical.
Later, the markets were temporarily sighted after Trump announced his willingness to negotiate the customs tariff, as he decided to stop customs duties 90 days from countries that did not respond to American fees, while the fees for China, which announced more counter -measures, increased, but he did not exclude negotiation with them in the end.
Trump adopts 4 strategies in his decision: reducing the trade deficit, protecting local industries, protecting national security, as well as being bargaining papers that exceed commercial issues, according to a report by Al -Jazeera Net correspondent in Washington.
The name of China is highlighted in the Trump war, as it exchanged with America to raise the customs tariff more than once during the past days, confirming that it will fight for the end.
A report by Al -Jazeera Net considered that the real danger to Trump’s decision lies in turning from a pressure tool to an open clash strategy in the international community, amid questions about the success of this trade war in reshaping the global economic system.
The episode reviewed a number of opinions of economists in the United States and China on the consequences and consequences of American customs duties, and the most prominent of the winners and the losers.
