New York (EFE) .- The Fitch Ratings qualification agency said that many “probably” countries enter into recession after the tariff battery announced by Donald Trump, qualified by the president as “reciprocal.”
Olu Sonola, head of research on the United States economy of Fitch Ratings, indicated in a statement after the president announced the new levies, that the country’s tariff rate above all imports is now around 22%, compared to 2.5% of 2024.
This rate, affects, was last seen around 1910.
“This changes the rules of the game, not only for the American economy but for the world economy. It is likely that many countries end up in a recession,” especially if those taxes are maintained for a prolonged period, the analyst stressed.
Lee: Trump tariffs will end the EU economic leadership: Wall Street Journal
Trump announced on Wednesday – bounded by him as a “day of liberation” – the imposition of a 10% global tariff for all imports, which increases in some cases, such as 34% for China and 20% for the products of the European Union.
The editorial board of the American newspaper The Wall Street Journal also assured after knowing tariffs that possible reprisals by the countries affected by the rates could lead to “a contraction of world trade and a recession or something worse.”
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With EFE information
