From China to Europe .. Trump kills the global economy

American customs duties began to be increasingly impeded the global economy that has been relied on for decades, on the relative freedom of trade and the ability to expect its paths.

Last week, major multinational companies reduced their sales goals, reviewed their business plans and warned of the possibility of layoffs, while large economies reduced growth forecasts amid unsuccessful data.

Financial markets are betting on the decline in the United States and China from entering into a comprehensive trade war and the direction of US President Donald Trump to conclude commercial agreements, but fog for how the end of that situation has become in itself one of the factors causing economic pressures. Definitions put the financial car companies ’plans in the Shakuqal circle Isabel Mattius, the chief economist of BNB Pariba“ The US customs duties policy constitutes a serious negative shock The world has in the short term. ”He added,“ The ultimate goal of American customs duties may be beyond expected and at a higher level than previously believed. ”Beijing announced on Friday that it was holding an offer from Washington to hold talks on US customs duties by 145% and Chinese anti -fees by 125%. The Trump administration indicated that it is close to the conclusion of commercial agreements with countries, including India, South Korea and Japan. In the meantime, companies such as the Swedish Electrolox to manufacture home appliances have reduced their expectations while Volvo withdrew the auto industry and logic to manufacture computers and giant drinks for drinks due to fog. The cancellation of customs exemption on e -commerce for requests received from China, which is valued at $ 800 Last week, a severe blow to many small companies. Customs duties caused reduction in growth expectations in Japan, the Netherlands, the Middle East and North Africa region. The manufacturing activity in China was shrinking at the fastest pace in 16 months in April, while the decrease in British factories exports last month showed the fastest pace in nearly five years. Economists said that Germany’s data, which focuses on export, may return to export The factories accelerate the pace of their business before applying customs duties. At the present time, most economists describe Trump’s commercial policies as a “shock on the side of demand” in the global economy, and will lead, through increasing the cost of imports to American companies and consumers, to deplete activity in other places. (Al Ain)