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Donald Trump begins to fall on the contradictions of his own strategy. The president of the United States has returned to his account on social networks to defend the actions he leads in commercial matters. "The tariffs are the best", he said, to say that his tactics forces countries to "come and negotiate". But a few hours later, the White House confirmed that it would mobilize emergency badistance to farmers who suffer collateral damage.
Trump went on Wednesday to Kansas City, Missouri, and will go Wednesday in Iowa. tycoon would not have reached the US presidency without the support of Midwestern farmers and ranchers. The plan is to mobilize $ 12 billion in short-term help to protect them from the effects of litigation. The price of soybeans, for example, fell because of the trade retaliation measures of China, the biggest customer.
This is the most tangible example of the commercial tension that forces Trump's governing board to adjust its strategy, criticizing organizations that represent the sector's producers agricultural because the commercial maneuver jeopardizes its sales abroad. If the confrontation continues, warns the sector, it will be very difficult to recover these markets. But Trump does not want to give in.
"All will be well," predicts the president, again asking for the patience of his bases. Trump insists that countries that have benefited from the United States until now must "negotiate a fair deal or suffer tariffs". What the President has not calculated, it is the reaction of China, Canada, Mexico and the European Union, which attacks where it does the most suffer politically to Republicans.
The effect of tariffs is starting to be reflected in the results of large multinationals. The motorcycle manufacturer Harley-Davidson warned by publishing its accounts that the commercial dispute would add a little to its profit margin. In his case, he is struck by two sides, by the price of steel and aluminum that counts and by the rise in tariffs to the countries to which he exports.
I hope that the United States and their partners will step back to avoid further escalation of the confrontation.
The damage in his accounts estimates up to $ 100 million. To compensate, he announced a month ago that he will have to relocate some of the motorcycle production out of the United States in order to protect his business in Europe.
"We are doing our best to absorb the costs and mitigate the effects," reiterated their leaders in presenting the results, "we have never considered this situation."
In a similar circumstance, the brand of household appliances Whirlpool.
© Sandro Pozzi
EDICIONES EL PAIS, SL 2018
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