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Editorial: El Mundo

  • Donald Trump plans to start a trade war that could halt or even drastically cut global economic growth.
  • This measure could destroy the trade order established by the United States after World War II.
  • The White House is expected to set a range of tariffs between 10% and 25% on anything it deems an unfair tax or a trade barrier to the U.S.
  • Uncertainty over the new taxes has contributed to market downturns in recent weeks.
  • Trump aims to rebalance the U.S. trade deficit, reindustrialize the country, and offset the massive tax cuts promised to citizens and businesses.
  • Protectionist measures can be harmful for Americans by causing inflation, decreasing the GDP, and triggering uncertainty that could deter investment.
  • The EU has identified five major sectors targeted by the tariffs: automobiles, pharmaceutical products, metals, wood, and semiconductors.

Conclusion: Trump's protectionist measures could have a negative impact on global economic growth and the existing trade order. The EU will need to strategize to mitigate potential harms.