Trump faces tariff backlash from business as trade war sparks inflation fear

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Donald Trump reacted to the business team and some people at his own Republican Party after the trade war launched the three largest trading partners in the United States.

Consumer goods, oils, grocery and automackers have warned that Trump’s new tariffs – which included 10 percent tariffs in import from China, excluding Canadian energy in all imports from Mexico and Canada – will raise prices for ordinary Americans – for ordinary Americans And causes chaos in the supply chain.

“The President is right to focus on major problems like our broken borders and Fentanil’s strap, but imposing tariffs. The The These problems will not solve and will only raise prices for American families, “Senior Vice-President of the US Chamber of Commerce, John Murphy, the largest business group in the United States.

Customer product groups warned that Americans would see a more expensive grocery, when automakers warned that tariffs would increase the cost of making vehicles in the United States.

“All imported products from Mexico and Canada can take higher consumer prices and revenge against-US exports that are not available in the United States, especially in the United States,” Tom Madrecie says, Tom Madrici, Vice-President of Supply Chain Reselex, Tom Madrid The

Three separate trade groups representing the Mexican Takila, US Borban and Canadian whiskey warned that a trade war in North America would increase the fluid and the sale of liquid.

Criticism comes after one day Trump imposed steep tariffsIn Canada, Mexico and China, it catches economic nationalism at the top of its agenda during railing against US trade deficit with its trading partners.

In response, Canadian Prime Minister Justin Trudeau announced 25 percent tariff on C. 155BN (US $ 107 billion) products including US alcohol, clothing, household equipment and wood.

Mexico’s president, Clodia Shainboum, was expected to announce the tariff soon after the alert to take revenge action.

Trump raised his attack on US business partners on Sunday, repeating the demand for “the 5th state” to Canada by taking the rail to social media against the US trade deficit.

“We pay several hundred billion dollars to subsidize Canada. Why? “She is true social post.

“No reason. We don’t need anything. We have unlimited energy, we should make our own cars and we should use more wood than we can use. Without this huge subsidy, Canada stops being present as a effective country. Strict but true! Therefore, Canada should turn into a 51st kingdom of our cherished.

The aggressive new trade systems were criticized by lawyers, including the Republican Senator Tim Scott in South Carolina, who identified their “nothing but tax on the southern Carolinians.”

“I understand and appreciate the desire to take suspicious steps to countries like China, who constantly breaks and ignore our close, long-term allies,” wrote in Scott X.

Congressional Democrats have condemned Trump’s move.

“These reckless tariffs take a sledham where a scalpel is necessary, and the American people will pay the price,” the top Democrat Richard Neil of the House of Representative Committee said that the trade policy was supervising the trade policy.

“Targeting, thoughtful systems aimed at specific industries, can protect American interests and workers and fully display policy -making,” Nil added. “The President is not what is doing.”

The Peterson Institute assumed last month that Trump’s threats could cause economic harm to all countries involved, including the United States.

It has been estimated that the US economy will hit about $ 200 billion in the US economy for the period of 25 percent of the import of import from Canada and Mexico. Economic loss in the United States will be $ 55 billion from higher tariffs in Chinese imports. US inflation will also increase.

Goldman Shacks Research Analysts wrote on Sunday that their potential economic impacts and the White House to determine the general conditions for their removal “tariffs are more likely to be temporary”.

The investment bank had earlier assumed that the long -term tariff on import from Canada and Mexico would increase the cost of 25 percent of the main personal costs by 0.7 percent.