Commercial War: "There are other ways to react than by applying reciprocal customs duties"

MAINTENANCE - Director and expert in international trade and investment at the BCG based in Montreal, Michael McAdoo analyses Donald Trump's announcements, and discusses the implications for countries, businesses and consumers.

Press release from the LFI-NFP D. Trump launched a commercial war, deciding to impose customs duties in a brutal and authoritarian manner, at the card according to each region of the world. 20% of customs duties imposed on the European Union (but 37% for Réunion, for example!), 34% for China, 37% for Bangladesh... Nothing to do with solidarity protectionism: these decisions express the full logic of US imperialism. Locked up for 40 years in econ…

Donald Trump imposes massive so-called "reciprocal" customs duties around the world and the addition is salty! Announcements called historical by many commentators and that plunges the world economy into uncertainty. Analysis with former WTO director Pascal Lamy.