Punitive Duties – The Superpower Trade Dispute Intensifies – Politics



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Trade Restrictions

Punitive Rights – The Superpower Trade Dispute Intensifies

The United States and the United States China is serious in the trade dispute




The United States and China are serious in the trade dispute

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China counteracts punitive US tariffs with billions of taxes. But the farmers in Trump's bastions are also among the losers.

Washington / Beijing.
Who wants to know how easy trade wars are today?
To win, as Donald Trump likes to say, is to ask Rod Gangwish. The soybean farmer from Shelton, Nebraska, is an example of the many victims of the US president's drastic punitive tariffs against hundreds of Chinese export products and Beijing's immediate response.

"Agriculture is a whipping boy has become," says Gangwish.He, like him, hundreds of farmers in the Midwest from Indiana to Illinois are now facing the Due to the fact that Trump made his threat on Friday, Washington's punitive tariffs have reached 25 per cent on goods from China valued at $ 34 billion since midnight. cars, parts of aircraft and hard drives.

And the backlash is quickly produced. The Beijing government has more than 500 US products of the same value – mainly agricultural products such as soybeans, fish, rice, nuts, pork and beef.The confrontation between the two largest economies in the world raises concerns about other consequences for other countries, including including Germany.

Brazilian farmers will be able to benefit

The Chinese counterattack
especially soybean producers in the United States have hit the target. China is considered the largest importer of soy in the world. One-third of the US annual crop – for about $ 14 billion – has gone regularly up to the Middle Kingdom, where it is given to pigs. According to Gangwish, the rising costs imposed by the White House "will ruin many farms here with us". He believes that the laughing thirds are Brazilian producers who took advantage of the trade war.

That New York businessman Trump took the punitive tariff strategy, many farmers feel slapped. They stood firmly by his side in the 2016 elections, convinced that he would keep his promise and strengthen the long neglected rural area. But the restrictions cause the opposite for farmers

Experts fear global economic crisis

"In the medium term, these tariff increases only produce losers," says Dennis Snower, president of the Kiel Institute of Global Economy ( IfW). "The hardest hit is still consumers and workers, as these groups have few opportunities to avoid the consequences."

For them, the prices of consumer goods rise or lose their jobs because tariffs degrade the business prospects of their employers the economist. If the trade war continues to shake and shake the stability of the Chinese economy, then "a global economic crisis may be the result."

This Trump in the economic exchange with China on the brake will be, from the point of view of government employees unlikely at the moment. On the contrary, in just two weeks, the American president could transform the tax into a volume of 50 billion dollars.

Trump should face other punitive tariffs against China

Should China do Trump consider imposing penalties of $ 200 billion or $ 300 billion on goods Chinese. In the end, almost all Chinese exports to the United States, worth $ 500 billion a year, could become artificially more expensive.

According to experts, Trump's poker strategy is based on a calculating game. Because America was the last to export $ 130 billion worth of goods to China, the communist government could only punish its punitive measures. Error, say Asian experts in Washington. In this case, Beijing will make life for US companies in China with "regulatory constraints or even make fun of the purchase of US products." Similarly, China has already repressed Japan and South Korea.

China accuses the American escalation. Washington had initiated the "biggest trade war of economic history." The spokesman of the Chinese Foreign Ministry also stressed that it was "the last thing we want". His country will work with other countries to ensure free trade. First, however, Beijing has no choice but the "necessary counter-attack".

In Germany, too, the massive effects of the customs strategy were feared.
Trumps. "At the moment, it looks like a global trade war," says the transatlantic coordinator of the federal government, Peter Beyer, in this editorial. In particular, the German car industry has threatened serious inconvenience.

Even in Europe, the economy will suffer

"I expect that US President Donald Trump will impose punitive tariffs on imports of European cars in August or September
will impose. Above all, this would affect the German car industry, which accounts for 50% of European exports to the United States. "The automaker BMW is already considering price increases for its models, which are built in the US but destined for China.Daimler has already issued a warning on profits in June because of the trade dispute.

Given Significant business ties with China and the United States, Europe is also directly affected, says the chairman of the USW Snower. "Tariffs will very quickly depress economic performance and increase revenue. international uncertainty "This will affect the European economy," with all the negative consequences for the willingness to invest, jobs and tax revenues. "

Everyone nods, and even the voters Trump are among the pinched ones, which makes farmer Rob Gangwish increasingly fierce.The farmer read what the rating agency Moody's calculated: "The counties who voted the p read frequently for Trump in 2016 are most affected by the consequences of the trade war. "




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