Uncertainty and smooth tones, that is how the world welcomes Trump’s financial guarantees | EUROtoday

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What will Trump do to the world economic system? Uncertainty dominates amongst leaders and governments following the information of Donald Trump’s return to the White House. The particular watchdog is China, with which Trump has by no means hidden the truth that he has an open account. In the hours of the tycoon’s victory, Beijing chooses smooth tones, a diplomatic strategy to essentially the most burning points. A spokesperson for the Ministry of Commerce, in response to a query about new US tariffs and technological restrictions towards Beijing with Trump’s return to the White House, says that China is prepared “to strengthen communication with the US, expand cooperation and resolve differences based on the principles of mutual respect, peaceful coexistence and win-win cooperation.” Furthermore, China is prepared “to promote the development of bilateral economic and trade relations towards a stable balance” as a result of “a healthy and sustainable direction is to the advantage of both and the world in general”. But, behind the scenes, “the Chinese government is preparing for the worst,” Zhu Junwei, director of American analysis on the Grandview Institution in Beijing, instructed Bloomberg. China, a uncommon bipartisan goal in Washington, is within the crosshairs of the brand new Trump administration, with its calls for for tariffs of as much as 60% on Chinese items. His victory “signifies pessimism and uncertainty,” says Da Wei, director of the Center for International Security and Strategy at Tsinghua University in Beijing.

European fears

Europe additionally has one thing to concern given the not precisely nice previous between the Old Continent and Trump I. But right here too accommodating phrases are chosen to welcome The Donald again. «We will work nicely with the brand new Trump administration. I’ve some expertise working with President Trump from his earlier time period, so there’s one thing to construct on. I feel it is rather essential” to start “from analyzing collectively what our frequent pursuits are and dealing on this”. Thus the President of the EU Commission, Ursula von der Leyen, upon her arrival at the Puskas Arena to participate in the Summit of the European Political Community, when she was asked how Europe would react to any new import duties by the Trump administration.

French President Emmanuel Macron said not very dissimilar things: «Ready to work together as we have been able to do during the four years with your beliefs and mine. With respect and ambition, for more peace and more prosperity.” Immediately afterwards Macron and German Chancellor Scholz spoke on the cellphone “to coordinate closely”, says a German authorities spokesperson. The message coming from the Elysée is that we want a “more united, stronger, more sovereign Europe in the new context”. Macron remembers that “our role is not to comment on the choices of sovereign peoples but to say that a European strategic awakening is needed”.

The “special guard” Mexico makes use of cautious tones

Reassuring tones additionally got here from Mexico, considered one of Trump’s favourite targets. In her morning convention on the National Palace, the president of Mexico, Claudia Sheinbaum, known as on the inhabitants to stay calm, together with migrants who reside and work within the United States, after the victory of the Republican candidate. «To our compatriots within the USA – stated the pinnacle of state – to their kinfolk who’re right here, to Mexican businessmen and girls, I can guarantee you that there isn’t any cause to fret. Mexico by no means stops.” These statements come after Trump’s repeated threats, during the election campaign, to impose duties on imports from Mexico and the promise, made in his first speech after his victory, to “seal the borders” of the country to allow immigrants to enter “solely legally”. Last night, Sheinbaum congratulated Trump on his victory, expressing “recognition to the American folks for his or her democratic train. I’m sure – she added on X – that we’ll proceed to work collectively in a coordinated manner, with dialogue and respect for our sovereignties, to hold ahead the broad bilateral agenda that unites us”.

In Asia, isolationist tendencies are worrying

In Taiwan, the islands that China claims as its territory, concerns focus on Trump’s “unpredictability and isolationism,” in accordance with Chen Fang-yu, assistant professor of the Department of Political Science at Soochow University, citing the potential weakening of AUKUS (the US-UK-Australia Security Partnership) and US-Japan-Philippines safety cooperation. Trump has questioned whether or not the United States would come to the help of the worldwide semiconductor hub if China invaded or blockaded the archipelago. “Trump still sees the islands as a bargaining chip in negotiations with China, or something related to Chinese business,” Chen stated. “He himself doesn’t care about Taiwan at all.”