The calm ended. Only five days after the end of the tariff truce, which Donald Trump provided to Europe and the rest of the world, the US president decided to rethink his commercial pressure strategy: Each country will receive an official letter this Friday in which the tariff that will introduce us from July 9.
Bets, how Trump himself advanced, They will vary from 10% to 70%, and there will be no exceptionsThe field according to the president: “We are going to start sending letters. And money will begin to enter the USA from August 1. ”
Measure arrives at a particularly gentle moment For the global economy, marked by constant inflation, geopolitical fragmentation and fear of a new wave of protectionism.
Europe is trying to get time, but without specific results
In Brussels, the European commission is trying to panic. Ursula von der Lain, his president, insists that he continues to be discussed about him, but admits that a detailed agreement cannot be closed before July 9th. The maximum that they hope to achieve is the “principle of the agreement”Something similar to what the United Kingdom has already reached.
“For such a large commercial volume, After 90 days, the agreement is impossible in detail“Von der Lane said. And this is no less: trade between Europe and the United States exceeds a billion for half the euro per year. Redeering the rules of this exchange in just three months is simply inevitable.
The market does not digest it
The reactionation of the tariff conflict has made all the alarms on the market jump. Julen Bollen, economist and researcher of the University of Mondragon, summarizes it as follows: “This end of the truce at the end again opens the same wounds (…) The market is nervous, logically, especially American, for constant inflation and geopolitical stress. “
And this is not just fear: there are already data that reflect the influence. Since Trump threatened to restore tariffs, The dollar lost more than 10% of its costAnd the US trade deficit increased by almost 20%.
