Donald Trump's muscular policy applied in all directorates since the beginning of his second term as President of the United States of last January 20, much more impetuous than the one conducted in its first four-year term launched on 20 January 2017, led yesterday to the long-awaited and feared announcement the introduction of tariffs that the US Federal Administration set at least 10% and which, as highlighted in the scoreboard presented yesterday by Trump, are much more substantial for what the White House currently identifies as the main commercial enemies of the United States: China, against which the U.S. federal government will apply "tariffs reciprocal" equal to 35% compared to duties imposed by the including the effects of barriers and distortions commercial which, according to the US administration, would reach the 67%, and the European Union, punished with reciprocal duties of 20% against of tariffs and trade charges applied by the EU to the US estimated at 39%.

An impetuous trade policy that threatens to bury the multilateral system and create unpredictability and uncertainty which are the real enemies of world trade. This is the reaction of the International Chamber of Commerce to the announcement of the levels of tariffs that will be applied by the United States: "that we have witnessed today - said in the past few hours the Secretary General, John W.H. Denton, on behalf of the more than 45 million of companies from more than 170 countries represented by the Chamber of International Trade - represents a watershed moment in American trade policy, which poses serious risks to the Downside for the global economy. To put all this into a historical context, the effective tariffs of the United States - explained Denton - now stand at a level never seen by 30s and cover a significantly higher share of the American GDP compared to the infamous Smoot-Hawley Act," he said. specified referring to the 1930 law that introduced very high High.

"This - underlined the secretary general of the ICC - is, without a doubt, a shock to the system global trade, but does not necessarily have to result in a systemic crisis. The United States is an economic superpower, but they account for only 13% of global imports. The way in which the other nations will respond to the new tariffs will determine in last analysis the scope and depth of any economic fallout of "Liberation Day"", noted Denton referring to how Trump marked the day of his reinstatement to the White House and that the president American reused yesterday also to distinguish another a day that he considers of historic significance.

Denton highlighted that the International Chamber of Commerce continues to encourage governments 'to emphasise the Maximum possible measure on negotiations and de-escalation: tariff reprisals - warned Denton - are a game in to which everyone loses".

"In the first instance," he continued, "we are concerned about the potential impact of the significant tariffs imposed on a number of emerging economies, an approach that risks damaging development prospects of countries that are already facing a worsening of trading conditions. The companies in our network will urgently seek clarification from the relevant US authorities on how they will be applied in practice, the new tariffs at national level, including the way in which the where they interact with industry-specific duties and requirements of the rules of origin. Given the almost immediate entry into force of the new measures, there is a clear risk - he explained Denton - costly supply chain and flow disruptions customs in the absence of a precise guide provided in a timely".

"From a broader perspective - concluded Denton - it is clear that the measures announced today present a crucial challenge to trade governance based on on the rules. In addition to responding bilaterally to the administration We also need governments to take measures to safeguard the multilateral system and lay the foundations for the its possible revitalization. Predictability and certainty are fundamental for cross-border trade. Understand the US Administration's desire to Ensuring a level playing field for trade but we remain deeply sceptical that tariff escalation of this magnitude can reach such a Objective: Eventually, multilateral solutions will be needed to solving long-standing inefficiencies and inequalities in the system global trade".