War of Trade and Serbia – JMU Radio and Television of Vojvodina

America unilaterally introduced tariffs on some European products. The EU's response is a higher tariff on a range of US products. The list is quite long and varied, from 10 to 50% on clothing, alcohol, tobacco, engines. The value of these expenses is estimated at $ 2.8 billion. With this, Brussels returned to the clearance of steel and aluminum by 25 and 10% by Washington

The Tramp administration wanted to help the US economy using ancient trade measures. She probably thought that there would be no courage in the EU to return to the United States. But it was not like that. In addition, the EU responded by removing the next step, namely to transfer things to the field of politics. And that's a lot of symbolism. There is no personal sanction, but many people or entire US states have been affected by common customs measures to be considered close to the current White House host. It's a trade war with the smell of sanctions.

Tramp's customs offensive, calculated under the conditions of globalization that escapes American control, no longer serves that country, helps its economy – it affects non-EU countries. China, Turkey, India, Brazil. But they did not sit with their hands broken. China has already announced full clearance of US goods. It's about $ 50 billion. A similar package is being prepared by Turkey. For the moment, India has been relatively abstained. After all, it is the least affected by geopolitical accounts – and the United States needs it as a backbone in the Beijing rivalry – puts more than economic damage. But even without India, America will not be in a comfortable position if it faces large-scale European counterparts in China.

Tramp certainly did not want this kind of development. Its purpose was to bring out more favorable positions for the US economy through threat and pressure. And this is bilateral through a series of individual country concessions, not in principle and universally. But he did not seem to have succeeded. The first effects were positive for America, but Washington went too far and an excessive demand for concessions prompted countermeasures or preparation for their introduction. He rebelled a lot and made them take courage and come back. What we will see now

It is possible that a trade war between the United States and much of the world will come to fruition. This would not only have economic repercussions. Under such circumstances, the deportation of the EU's military policy, or at least a series of its states of America, is possible, and closer to Russia and China. It is also realistic to further improve the cooperation of these two countries. This would seriously jeopardize the already threatened American primacy. Nevertheless, it is possible that things install quickly and return to the old. From the economy to geopolitics. We will see

For us in Serbia, geopolitics is certainly a better first possibility. A world that becomes a true polycentric without a single dominant force gives us more chances. All the more so as the Western bloc trampled our interests homogeneously. The other side of the coin is economic. The deepening of the tensions would probably have a negative impact on us. Of the impact on our steel industry, with the danger of removing Chinese investors from Serbia in the Smederevo steel mill, to the general deterioration of the investment climate. It is already very dangerous for Serbia

In such circumstances, there is no room for joy, nor irrational panic. Serbia needs to be prepared for each of the possible extremes, but also for even more spectacular nuances. That's what serious countries are doing, and I hope we have become. If we overcome global problems. After all, we have been living with locals for a few decades now.