James Mackintosh
Appearances
WSJ What’s News
U.S. Tariffs Test Allies’ Trust
Der Fakt, dass die ersten großen Tarife an den USAs engsten Handelspartnern sind, Kanada und Mexiko, ist für sie ein echter Schock. Aber außerdem ist das der Präsident, der den Handelsvertrag genau mit Kanada und Mexiko renegotiiert hat.
WSJ What’s News
U.S. Tariffs Test Allies’ Trust
So if they can't rely on the president's own trade deals, who in future is going to be willing to rely on new trade deals that the US might agree or old existing trade deals? It makes it a very untrusting world and of course tariffs are only a part of that. We've also got the geopolitics of it with Europe in particular.
WSJ What’s News
U.S. Tariffs Test Allies’ Trust
People who've been following trade closely would argue that actually Biden showed clear protectionism. He continued many of the Trump policies. The shift that began under Trump's first turn against China was intensified by Biden. And there has been a general trend in the world towards de-globalization for quite a while now.
WSJ What’s News
U.S. Tariffs Test Allies’ Trust
But yes, this is a moment when people start to say, well, hang on, can we really trust America?
WSJ What’s News
U.S. Tariffs Test Allies’ Trust
However it comes out, people are not going to be saying, well, whatever deal we now have with the US is something that is going to be there for the long run that we can rely on. Companies aren't going to be saying, we can build our cross-border supply chains reliant on this new deal, the way they did after, for example, Trump renegotiated NAFTA in his first term.
WSJ What’s News
U.S. Tariffs Test Allies’ Trust
Now, I think companies would be very cautious about doing that because... Das war Senior Markets Columnist James McIntosh.
WSJ What’s News
U.S. Tariffs Test Allies’ Trust
Das ist ein Moment, an dem Menschen anfangen zu sagen, warte mal, können wir wirklich Amerika vertrauen?