The American newspaper The Wall Street Journalconsidered a medium very close to the country’s financial circles, wrote Wednesday that tariffs announced today by President Donald Trump lead to a new era of commercial protectionism that will lead to the end of the United States economic leadership.
The Editorial Board of the Media pointed out, shortly after the tariffs were known, that the United States is abandoning the leadership he assumed after World War II, after which seven decades of economic prosperity followed.
That was “is coming to an end,” says the medium, as the Republican leader adopts a “more commercial” vision of trade and the country’s own interest.
He WSJ It also anticipates an increase in costs for US consumers and companies, something that, over time, will mean “gradual erosion of the United States, since these taxes favor monopolies” and reduce the need to innovate. “
It also emphasizes that exports of the country will be harmed and that trade agreements with other nations will be broken, which could invite reprisals by other governments.
According to the editorial board, a generalized retaliation could cause “a contraction of world trade and a slower growth, a recession or something worse.”
On the other hand, the newspaper emphasizes that taxes will cause the country a “considerable” influence of influence, since countries will not be able to trust the United States.
Trump “believes that the attractiveness of the US market and their military power are enough to bend countries. But soft power also matters, and that includes being able to trust the word of the United States as reliable ally and commercial partner,” he says in this regard.
Contrary to what Trump states, these tariffs also represent a great opportunity for China, says the media, given that this country could “court the US allies.” and get them to reject the United States to impose technology export controls on the Asian giant.
The president announced Wednesday – he has baptized as Liberation Day– The imposition of a 10 % global tariff for all imports, which increases by 34 % in the case of China and 20 % for the products of the European Union (EU).
In addition, the United States will impose additional tariffs on key commercial partners of the country’s companies: 34 % for China imports (now taxed with 54 %), from additional 20 % to the EU and 24 % to Japan, among others.
Last February, Trump criticized the newspaper – known for his conservative line – after he said that Michigan, a state with a strong presence of the automotive industry, would be affected by tariffs on imports from Canada and Mexico.
“I don’t understand the editorial board of WSJI have never understood. They come to my help when I least wait for him (…) But then they come out with real shame, ”Trump said in a post on his social truth network.