“America was lost!”, King George III of the United Kingdom had been upset, resulting in the causes and consequences of the American Revolution. Will the current aspiring US monarch register also regret one day that has lost the world?

Unlikely. As Jamie Dettmer says in Politico, US President Donald Trump is not a man who admits his mistakes – nor does he repent.

Although the US Stock Exchange “sank” after its announcement on scanning duties in 180 countries on Wednesday, Trump claimed he would soon recover and bloom. That days of glory come for America. US Vice President Jay Di Vance, meanwhile, accused critics of Trump’s government as shortsnoting: “The Stock Exchange will experience blooming for a long time because we are reinvigrant in the United States of America.”

But the barbarism shown by Trump, based on ridiculous calculations and absolutely incorrect elements, is just as outrageous as the restrictive commercial practices implemented by King George III in the American colonies – and at least the British monarch had the brutalist.

OR Declaration of Economic Independence Trump and the embrace of 19th -century protectionism are equivalent to isolation from the rest of the world – and probably, unintentionally, will result in the rest of the world, though painful and slowly, to build a new worldwide commercial order of things that will replace it.

Will also have geopolitical consequencesas many countries are already considering the possibility of new bilateral trade agreements or how to expand their regional trade partnerships.

US allies, Japan and South Korea, for example, seek to strengthen trade with China and talk about accelerating negotiations to conclude a three -way free trade agreement. While members of the Union of Southeast Asia and the overall and progressive agreement on the cross -border partnership in the Pacific region seek to accelerate their cooperation.

Meanwhile, Americans and much of the rest of the world are confident that Trump’s “day of liberation”, as he described it, will cause a strong economic shock – which is more likely to lead to a global downturn.

The Director of the International Monetary Fund Cristalina Georgieva He has so far meant only warned that Trump’s duties poses a “significant risk” for the global economy. However, JPMorgan analysts reviewed their estimates, giving chance of 60% for a global downturn – from 40% previously – warning investment bank customers that the impact could be “enlarged by retaliation, supply problems”.

Of course, many will depend on How will the countries respond to Trump’s duties. Retisons, for example, could cause Trump’s countermeasures, causing a “eye -to -eye” war that will exacerbate the prospects of the world economy. But their answers will also depend on Trump’s real final goal – and he is not clear.

The inconsistency and chaos are inherent in the ultimate goal behind this strategy, reflecting, in part, a gap in his government’s collective policy.

Are duties a negotiating trick for the conclusion Favorable Agreements for the US? According to Trump’s son, Eric, this is what his father seeks: “I would not want to be the last country to try to negotiate a trade deal with @realdonaldtrump. The first one to negotiate will come out winning – the latter completely lost. I see the same work all my life, “he wrote in his post.

But Trump himself has appeared open in trade negotiations, saying on Thursday that he is ready for talks with other countries on tariffs if they offer an excellent return.

However, this contradicts the White House Consultant, who say that Draconian duties are not a negotiating tactic. Trump’s top trade adviser Peter Navarro, for example, told CNBC that duties are not under negotiation: “This is not a negotiation … This is a national emergency.”

In the meantime, the same calculations on the basis of which the duties were imposed are also irrational, based on a dubious type resulting from the division of the US trade deficit with the total amount of imports from this country and then dividing the result by two.

Therefore, they are actually duties just one way to deal with US trade deficitsas is it supposed to be targeted by this mathematician? It seems that it is a common belief within the Trump government that US trade deficits can only do evil – that they are the fault of the malicious trading partners who benefit from the US.

However, the counter -argument is not taken into account that deficits are a consequence of the overly strong dollar, unsustainable government spending and the American tendency to save, invest a few and spend a lot.

In this light, duties will not necessarily be able to reverse deficits.

Are they going to play an important role in Trump’s overall tax policy then, allowing him to extend the tax breaks introduced in 2017, which expire this year? Or are we going to be back in the 19th century when the government was largely funded by duty revenue?

“Our wealth was at its highest level from 1870 to 1913. Then we were a duty country,” Trump said in February – a view that was reflected in the Garden of Rhodes in the Declaration of US Economic Independence on Wednesday.

But taxing the rest of the world to reduce domestic taxes in the US will not work. Duties are not enough to fund the government US – even if the state mechanism is significantly reduced. Also, their result is much less predictable than that of income taxes.

So, could the duties simply be aimed at providing incentives to reinforce American manufacturing, as Trump promised Wednesday, claiming that “jobs and factories will return to our country”?

This was claimed by Vance earlier this week – Although he certainly didn’t believe it in 2017when he warned that protection policies would not contribute much to the return of factory activity to the US and increasing jobs “because of automation and new technological changes”.

Finally, all the reasons for Trump and his leading advisers to explain the US president’s highly aggressive strategy – from tax cuts to defects and returning businesses – make the US trade partners more difficult to reach.

To smile and accept it or counter it? Whatever they decide, US friends and enemies will probably begin to build a different global commercial order of things – which can be much less liked in America than it just broke out.