With the Trump rates, the abyss between the allies and the United States widens
The announcement of President Trump of large rates on American commercial partners has expanded the fracture between the United States and some of its closest allies reconfiguring the global economic order.The plan of Mr. Trump, who revealed on Wednesday and is calling "mutual", would impose a wave of rates on dozen countries. Among the main economies most affected were the European Union, which will face rates of 20 % pursuant to the plan and China, which will absorb further 34 percent in addition to existing withdrawals."The scope and size of the rates are substantial and confirm the worst fears of free trade supporters," said Eswar Prasad, professor at the Dyson School of Cornell University. "Trump is unleashing a new era of protectionism that reverberates all over the world."Mexico and...










