Trump faces a tariff back reaction from business while trade war triggers a fear of inflation

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Donald Trump faced a return reaction of business groups, and some in his own Republican party after starting a trade war by imposing steep tariffs with the three largest American trading partners.

Trade associations representing the goods of wide consumption, oil, food and car manufacturers are lined up to warn that Trump’s new tariffs – which included 10 percent of tariffs on imports from China, 25 percent on all imports from Mexico and Canada, excluding Canadian energy – Encouraged prices would increase prices for ordinary Americans and cause chaos in supply chains.

“The president is right to focus on the main problems such as our broken border and whip of fental, but imposing a tariff. . . It will not solve these problems and will only increase the prices of American families, “said John Murphy, a senior Vice President of the American Chamber of Commerce, the largest US business group.

Consumer product groups warned that Americans would see more expensive foods, while car manufacturers warned that tariffs would increase the cost of building vehicles in the US.

“Tariffs to all imported goods from Mexico and Canada-for the ingredients and inputs that are not available in the US-in-one would lead to higher consumer prices and retaliates against US exporters,” said Tom Madrecki, Vice President of resistance to supply of consumer brands associations .

Three separate trade groups representing Mexican tequila, American bourbon and Canadian whiskey warned that the North American trade war will exacerbate the sale of alcoholic beverages and alcoholic beverages.

Criticisms come the day after Trump imposed steep tariffWith Canada, Mexico and China, catapulting economic nationalism to the top of his agenda while breaking against an American trade deficit with his trade partners.

In response, Canadian Prime Minister Justin Trudeau announced 25 percent of Tariff on goods worth $ 155 billion ($ 107 billion), including American alcohol, clothing, household devices and wood.

Mexico President Claudia Sheinbaum was expected to announce the tariffs soon and after the retribution warning.

On Sunday, Trump increased his attacks on US trade partners, going to social media to provide a US trade deficit and repeat his request to make Canada “51.”

“We pay hundreds of billions of dollars to sub -Subsid Kanada. Why? “He posted on the truth of Social.

“No reason. We need nothing we have. We have unlimited energy, we should make our own cars and have more wood than we ever could use. Without this huge subsidy, Canada ceases to exist as a sustainable country. Sharp, but true! Canada should have become our nourished 51.

Aggressive new trade measures were criticized by the legislators, including the team of Scott, a Republican senator for South Carolin, who marked them “nothing more than a southern caroline tax”.

“I understand and appreciate the willingness to take suspicious actions of countries like China that constantly violate and neglect the rules, but treating our close, long -term allies is in the same way unproductive at best,” Scott wrote on X.

Congress Democrats strayed Trump’s move.

“These reckless tariffs take a hammer in which a scalpel is needed, and the American people will pay the price,” said Richard Neal, a top democrat in the Committee of a MP, who oversees a trade policy.

“Targets, thoughtful measures aimed at certain industries can protect American interests and workers and show a thorough adoption of policies,” Neal added. “That’s not what the president does.”

The Peterson Institute estimated last month that Trump’s threatening sanctions will cause economic damage to all countries involved, including the US.

A 25 -pointed import tax from Canada and Mexico would result in a hit of about $ 200 billion in the American economy during Trump’s term, estimated. An economic hit in the US from higher tariffs to Chinese imports would be $ 55 billion. American inflation would also increase.

Research analysts have written Goldman Sachs on Sunday that “more likely the tariffs will be temporary” because of their potential economic influence and the general conditions of the White House for their removal.

The investment bank has previously estimated that the long -term 25 percent of the tariff to import from Canada and Mexico would increase the basic cost of costs for personal consumption by 0.7 percent.