For the second time this week, President Trump threatened to disable trade with a close ally of revenge in a commercial war he started – a tactic that could lead to a compromise, or to the economic clips that are out of control.
On Thursday morning, Mr. Trump tried to advance in the European Union, and threaten In the publication of social media To put a 200 percent tariff on European wine and champagne unless the mass decreases by 50 percent on the whiskey. The European Union imposed this tariff in response to the drawings that Mr. Trump put on global and aluminum on Wednesday.
Mr. Trump deployed a similar tactic against Canada on Tuesday, threatening to double the customs tariff by 25 percent on Canadian steel and aluminum to try to get Ontario to raise an additional cost on the electricity sold to the United States. The boycott imposed the charge after Mr. Trump put another tariff on Canada this month.
After Ontario suspended her additional fees, Mr. Trump walked his threats.
Over the past few weeks, Mr. Trump has presided over a confusion and perhaps an economist back and forth. Definitions and tariff threatsHe plays a global chicken game trying to get some of the closest allies of the United States and commercial partners to decline.
Mr. Trump has practiced the threats of customs tariffs without looking at its economic consequences, and it seems, apparently without looking at the influence on stock markets. S& P 500 fell again on Thursday after Mr. Trump threatened Europe and a Kurd in the White House that he would impose a big tariff.
When asked if he might return to Canada, who sent a delegation to the United States on Thursday to try to calm commercial tensions, Mr. Trump said: “I will not bend at all.”
He said that the United States does not need imports such as wood and energy from Canada, and it is one of the largest commercial partners in America. He said, “We don’t need anything they have.”
The president, who spoke to correspondents during a meeting with Mark Root, Secretary -General of the North Atlantic Treaty Organization, admitted that his definitions may cause “minor disturbance” but said “will not be long.”
“We have to do this,” he said. “I’m sorry, we have to do this.”
On Thursday, Treasury Secretary, Scott Bessin, said that the market fluctuation and economic effects of definitions said that the White House was not concerned “in the short term.”
“We have strategic industries that we must face,” said Mr. Pesin. “We want to protect the American worker.”
The Minister of Commerce, Howard Lottenic, warned other countries of revenge on the United States, saying in an interview with Bloomberg TV on Thursday that Mr. Trump could respond to a mood.
Mr. Lootnick said: “If you make him unhappy, he will respond unhappy.”
Mr. Lootnik said that some countries, such as Britain and Mexico, have carefully studied how they work with the United States. But for countries that respond with more customs tariffs, “the president will deal with them strongly and powerfully,” he threatened.
It remains to see whether the other countries will verify their fees, and if so, how many economic differences may turn into real commercial wars. Mr. Trump has promised more fees on cars and other products that come in April.
Some governments, such as governments in Australia, Brazil, Britain, Japan and Mexico, have chosen not at the present time, as they are trying other ways to defuse tensions with Mr. Trump. But China, the European Union and Canada have all made various accounts.
These governments may be encouraged by the local political constituencies to stand in front of Mr. Trump, or, in the case of Europe and China, which have emerged in the size of their economies.
Some European officials said they will not be pressure. In a statement on Wednesday, Ursula von der Layen, President of the European Commission, the executive arm of the bloc, said that Europe needs to work to “protect consumers and business” and that it would take strong but “strong but proportional” counter -procedures.
“We will not surrender to threats,” Laurent San Martin, France Foreign Trade Minister, He said in a post On X. Mr. Trump “escalates the trade war he chose to unleash.”
Canadian officials were also explicit in general against the United States, a dynamic that might be enlarged through the political transition and the upcoming federal elections in Canada.
“If we hit us, we will respond,” said Cristia Frieland, a former Canadian Finance Minister, in an interview with CNN. Ms. Frayland said that Canada was small but had influence in the economic relationship because it was the largest export market for the United States.
“Canada is a more important export market for the United States than China, Japan, the United Kingdom and France combined,” she said. “O comrades are the country that has invented the phrase” the customer is always right. “Well, we are the largest agent.”
On Thursday, Canada began a conflict in the World Trade Organization on the tariff of steel and aluminum imposed by Mr. Trump the day before. China started a suit on a separate slice of definitions last month. But the challenges of the World Trade Organization are largely a symbolic gesture, since the United States Disable the organization’s settlement system In Mr. Trump’s first state.
Canadian officials were expected to meet with Mr. Lootnick to discuss commercial issues on Thursday. A European spokesman said that Maros Sepkovic, the European Union Trade Commissioner, will speak with Mr. Lootnick and Jameson Jarir, the American commercial actor, on Friday.
Gina Smileick and Matina Stevez Gridin The reports contributed.
