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HomeBusinessHow Countries Reacted to Trump’s Tariffs

How Countries Reacted to Trump’s Tariffs

Here is how some of the United States’ key trading partners responded on Thursday to President Trump’s stiff new tariffs:

China: The Commerce Ministry in Beijing vowed countermeasures against the sweeping new tariffs, which it described as “unilateral bullying.” The Trump administration hit Beijing with a new 34 percent duty that will be added to the levies that the president had already imposed since January. Mr. Trump also scrapped a loophole that has allowed many e-commerce companies, such as Shein and Temu, to send low-cost goods to the United States from China without having to pay taxes.

European Union: The European Commission president, Ursula von der Leyen, said the bloc would be united in its response, but did not specify what measures it would take. “If you take on one of us, you take on all of us,” she said. Mr. Trump imposed a 20 percent tariff on European Union goods.

Britain: Prime Minister Keir Starmer did not suggest that Britain would immediately retaliate, and said that negotiations toward a trade deal with the United States would continue. The Trump administration has imposed a 10 percent tariff on Britain, lower than the 20 percent tariff it levied on the European Union.

France: Prime Minister François Bayrou of France, an E.U. member, said that the tariffs were “a catastrophe for the economic world” and would also cause pain for the United States. France’s government spokeswoman, Sophie Primas, provided some detail about how the European Union could respond to the new tariffs. “We are also going to attack services,” which make up the bulk of the American economy, she said in an interview with French radio. That could include online services provided by Google, Apple, Facebook, Amazon and Microsoft, she added.

Germany: Finance Minister Jörg Kukies said he remained hopeful that Europe would be able to reach a deal with Washington, but added: “We do need a strong reaction.” He told the BBC, “It would be naïve to think that if we just sit there and let this happen, things will get better.” The tariffs on E.U. goods, especially on automotive parts, threaten Germany’s attempts to revive its stagnant economy, the largest in Europe.

India: The Commerce Ministry said it was “carefully examining the implications of the various measures” announced by the United States, after Mr. Trump imposed 27 percent tariffs against it. Mr. Trump has long been irritated by the large U.S. trade deficit with India, despite his close relationship with Prime Minister Narendra Modi.

Japan: Prime Minister Shigeru Ishiba called the tariffs “extremely regrettable,” but refrained from talk of retaliation. He said that his government was trying to impress upon the Trump administration that Japan is helping the United States to re-industrialize as its largest overseas investor.

Content Source: www.nytimes.com

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