China and other competitors from North America will win with the imposition of duty by Donald TrumpThey highlighted analysts in foreign trade.
“The only winners of the imposition of tariffs against Mexico and Canada by the United States are the main competitors of North America. The President Trump has decided to arbitrarily violate a commercial agreement It is worth 2 billion dollars for the three countries … This will harm the consumers of Canada, Mexico and USA, and will severely damage the credibility of the US around the world as a reliable commercial partner, “said Keneth Smith, specialist in International Trade and Partner of agon.
In particular, China will win if there is a commercial war between the United States and Mexico, Juan Antonio Dorantes, director of the consulting firm Dorantes Advisors, highlighted.
Trump ordered to establish general tariffs of 25% to Canada and Mexico and 10% to China, the White House reported this Saturday.
A tariff of only 10 percent will be applied to Canada products related to energy. The new tariff to Chinese products will be 10% additional on which they are already charged as a result of the Commercial War between the United States and China.
The new import tariffs in the three countries add to existing ones and It is expected to enter into force on Tuesday.
“Who is going to benefit in an environment of a high tariff for Mexican and Canada products is clearly China,” Dorantes said.
Throughout his career, Dorantes occupied the positions of Director General of International Trade Rules in the Ministry of Economy and Panelist in the World Trade Organization (WTO), among others.
“If the tariff is very high and permanently, it will definitely affect the supply chains and, therefore, the competitiveness of North America,” he added
