The movements are the result of a weekend of mixed comments from the US officials, of Trump Downward, which clearly indicated that the trade war could worsen before it improves.
“We have massive financial deficits with China, the European Union and many others. The only way that this problem can be healed is with prices,” said Trump on social networks on Sunday, strengthening fears that the measures announced last week are intended to be permanent, rather than a negotiation scheme in search of other wider policy objectives.
The EU is expected to announce reprisal measures later this week, while Canada also equaled American prices with its own measures. As such, while the American secretary of the Treasury, Scott Bessent, insisted that more than 50 countries had made conciliation proposals in the United States to avoid climbing, three of the four largest trade partners in the United States indicated that they were ready to try at least to watch Trump.
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