Donald Trump's effect. Economist prof. Marian Noga comments

– If any benefits were achieved by countries that caused a customs war, they were short -lived and never exceeded the six -month period when these effects were positive – said the economist.

– But all historical data show that even after this period of possible six -month successes, there were only losses that exceeded the initial benefits – explained the guest of the program “Yes it is”.

In his opinion, Trump's decisions are “arrow in the knee”. – In the worst case it will end with a serious economic slowdown – said prof. Leg.

Is there a chance that Trump would be able to transfer production to USA?

– Admittedly, when it comes to the interest rate on loans, i.e. in short, the cost of money, in the USA he is one of the lowest in the world. (…) On the other hand, the working force in the United States is absolutely the most expensive in the world and there is no chance that American production replaces, for example, Chinese products, so to speak. This is probably the best example – said a former member of the MPC.

– Let's say directly: if, for example, on the New York Stock Exchange for Thursday and Friday over six trillions of dollars, the capitalization of the stock exchange is $ 28 trillion, i.e. a quarter of the capitalization of the American stock exchange, so it really smells of very large complications, changes in the world economy – said the guest of TVN24.

From the inauguration of the US President Donald Trump $ 11 trillion evaporated from capital markets in America, of which more than half – for the last few days.

– If you take the average American household, which you consume some goods and services during the year, then today, so that the same amount of goods and services is consumed as last year, then he must add four thousand dollars. So who is this customs war to serve? Americans who will have to add – the economist asked rhetorically.

He also added: – This billionaire, the American president demands from his society to pay some economic theories for his imaginary. There are no such theories, no one has ever seen it.

10 % duties on almost all goods from almost all countries of the world entered into force on Saturday. This is the first part of the duties, which Trump announced on Wednesday.

However, the new duties will not concern Canada and Mexicoon which President Trump has already imposed 25 percent. tax (it applies to about half of the import). Steel, aluminum, cars and car parts, which are also separate 25 %, are also excluded from these tariffs. duties, as well as copper, medicines, semiconductors and wood (these are to be additionally sought in the future), as well as energy carriers and minerals inaccessible in the USA.

On April 9, additional taxes for goods from 57 countries with a surplus in trade of goods with the United States are to be implemented.

They are in this group China and European Unionwhich will be covered by 34 percent respectively. and 20 percent Additional customs, as well as Japan (24 percent), South Korea (25 percent), India (26 percent), Vietnam (46 percent) or Taiwan (32 percent).

On Friday, China authorities announced the introduction of retaliation duties of 34 percent. For all goods imported from the USA in response to Washington announced “mutual duties” for Chinese products. The decision, approved by the Council of State, enters into force on April 10.