“I think we are going to let the trade team and the president make those decisions, but it seems likely to reach an agreement and expand it another 90 days, but I will leave it in the hands of that team,” he said.
Meanwhile, the US president, Donald Trump, said Thursday morning that billions of dollars flow to the United States, after the entry into force of additional tariffs to dozens of economies.
Shortly after midnight, on its social truth platform, he published: “It’s midnight !!! Millions of dollars in tariffs flow to the United States now!”
Who will pay the consequences?
Economics specialists warn that these tariffs will have economic consequences for the countries to which taxes and for the United States are applied.
Among the effects refer to prices for consumers, until the reduction of margins for companies and loss of competitiveness.
Faced with 15% levies to Japanese cars, 20% on Vietnam’s t -shirts or the threat of 100% for semiconductors, US buyers can pay more for their products, unless they are decided by their local equivalents, provided there is offer.
More inflation
The president of the Federal Reserve (Central Bank), Jerome Powell, estimated in July that the impact of additional tariffs began to materialize in “certain categories of goods.”
For example, the toys of the American company Hasbro Creator of classics such as Monopoly or Furby, half of which come from China, began to rise in May and June, according to the group.
Tariffs are even more problematic in sectors in which the United States does not have local production, said Philippe Chalmin, Emeritus Professor at the Parisdauphine University.
