Prices, jobs, Stockbeurs – the seven answers according to Trump’s large cross -bugs

The trade war has finally started. Trump all over the world trusts ten percent rates, Austria and the EU even have to adapt to 20 percent, there are even 25 percent for imported cars.

The car rates become particularly sensitive to the EU. Exports will probably collapse with 30 percent, currently European manufacturers deliver cars worth $ 38 billion to the US. In Austria, the supply industry indirectly protects up to 200,000 jobs.

But apart from the vehicle sector, the consequences are sensitive. “The rates will probably lower the economic output of Austria by 0.35 percent and strengthen the recession,” says Wifo expert Harald Oberhofer. Exports fall by 1.4 percent. Counter measures do not yet include that further affect international trade.

The industry is most affected, which in particular influences special habits of 25 percent on vehicles. But the WiFo expert says that the machine and metal industry will also suffer from rates.

If the EU responds with retribution, American goods will probably become more expensive, such as spirits such as whiskey or motorcycles. Economic minister Wolfgang Hattmannsdorfer wants to “meet the US where Trump hurts”. The EU is therefore mainly focused on Republican States. Especially agricultural products such as gin, whiskey, beef, poultry or soy will probably be used, which touches the national Republican states such as Tennessee.

Börsen -courses were in a descent after the customs announcements worldwide and domestic ATX also lost considerably. The capital markets respond negatively for various reasons. Firstly, rates – almost all economists – are bad for the economy. Secondly, the currently chaotic policy of Trump, Trump, the financial markets are worried, investors respond carefully to uncertainties. And last but not least, his high -growing technical titles mainly under pressure. Apple, Amazon, Microsoft and Co. Fear countermeasures.

With mutual rates, Trump wants to “reflect” the tax rates of other countries and also take other commercial barriers into account. In the end, however, the bill seems to be very simple. Trump divides the trade deficit of a country with the export that this country has to the US, which then results in a percentage. He halves “because he is friendly”, and so the tasks arise. This is fairly strange. Apparently it has been very chaotic in the White House. A precise differentiation according to goods and countries would have quickly increased the currently 16,000 applicable customs sets to more than two million.

Life is more expensive for American citizens, consumption is likely to fall. Goldman Sachs expects a loss of a maximum of $ 350 billion in gross domestic product. Inflation is probably more than one percent higher this year than before. Customs in Chinese goods in particular became the average American with full strength, because consumer goods will be more expensive in daily life.

Trump sees the security of the United States threatened by the trade deficit, it is mainly about the sovereignty of industry. Trump thinks that his country is exploited by many other countries by exporting them considerably more than importing. He wants to end that. Moreover, the industry in the US must be strengthened and protected against abroad. It should also help the economy indirectly. Because the Republican wants to use the high income to generously reduce taxes for companies.

But rates are also negotiating for Trump. He consciously uses them as a way of pressure to force his interests. As you have already seen in the measures against Canada and Mexico, Trump does not hesitate to suspend the rates. He can organize himself as a savior of the economy if it goes up again after rates with the stock prices.

The EU committee has announced that they want to answer countermeasures. This is currently being discussed. The Handelsministers will meet in Luxembourg on 7 April. Ultimately on April 13, against -Tariffs must come into effect. Economic minister Wolfgang Hattmannsdorfer wants to “meet the US where Trump hurts”. The goal is therefore special goods from Republican States, such as gin, whiskey or beef.

The EU also wants to meet Trump’s ‘Tech friends’. Apple, Amazon, Microsoft and Co. must fear countermeasures. “The United States has a large surplus of services that Trump hides,” said Oberhofer. The EU will probably tighten the regulations and make companies more mandatory.