The trade war after US tariffs against China more likely | TIME ONLINE

After the United States and China have imposed import duties, the transatlantic coordinator of the federal government, Peter Beyer (CDU), warns
before a spiral of climbing. "For the moment, it looks like a global trade war,"
Beyer told the group's media spark newspapers.

This
believes that US President Donald Trump still before the
November's US legislative elections also resulted in special tariffs on car imports
impose. "It would be mostly the German car industry
which represents 50% of European exports to the United States ",
Beyer said. However, too
The US economy suffers tariffs. "Has a
There is no winner in the trade war. "

In the first round
On Thursday at midnight Washington time, US special charges of 25 percent
34 billion dollars of imports from China.
Chinese customs reacted quickly by applying their own special tariffs on imports
from the United States to a similar extent. China considers itself necessary
Counter-attack "forced, said a spokesman for the Ministry of Commerce
Beijing. The United States had "the biggest trade war in the world
Economic History "began, President of the United States
Donald Trump threatens China with tariffs on all in the coming weeks
Chinese imports are worth more than 500 billion
To introduce dollars.

The Chinese
Ministry of Commerce has filed a formal complaint with
The World Trade Organization (WTO) versus the United States, like the EU and Canada. The government of the People's Republic sees the rules
hurt the organization.

From China
Customs are agricultural products from the United States such as soy, fish,
Pork, beef and dairy products are affected – products from rural areas that voted mainly for Trump. Higher rates
but are also charged on cars. Among them are mainly Germans
Car manufacturers such as Daimler and BMW, which is also the largest automobile market in China
from their American factories.

Daimler warns of losses

Daimler has already given
a profit warning. Almost every fifth BMW sold in China
comes from the United States. Beyer badumes that Trump is also against cars
impose punitive tariffs on the EU, presumably before
General election in the United States on November 8th. The affected principal would be
Germany. Currently imposed customs duties follow the movement
Chinese data on 59 percent foreign invested
Company in China. US companies in China have also criticized tariffs as "counterproductive".

Economists fear that conflict
between China and the United States to an uncontrollable trade war
grows. The International Monetary Fund (IMF) sees the
The transaction volumes, at least at the present time, are still too low for this
alone could lead to major problems for the global economy.
However, the effects are caused by the uncertainty of the markets and
spiral of climbing more and more rotating dreaded.

Commerzbank sees global production chains at risk

tolerable short-term consequences threaten long-term "more harm" because
could demolish the global production chains of companies, wrote
the Commerzbank. "Then multinationals should share some of their stuff
write off international production facilities and high costs
Increase domestic production, "they warned.
and cost reduction programs would be the consequence, just like the workers

Trump tempts with tariffs against the US foreign trade deficit of more than
800 billion dollars. It violates the rules of the WTO. He also took the
Neighbors Canada and Mexico as well as allies like the EU states with tariffs on steel and aluminum under the
Affirmation that he wanted to guarantee the national security of his country.

Trump's actions are not limited to US companies
China, but also mbadive criticism in the interior of the land. Parts of Trump
Republican party see the taxes hidden in homework. critical
Believe that part of Trumps is celebrated in the business world
Tax reform can be neutralized.

In the de
Retribution affected the US industries prevails the excitement. This is true
especially for farmers. China, Canada and Mexico require
in the future increased tariffs on pork products, the EU has whiskey
and Harley-Davidson motorcycles with retaliatory features.