President Donald Trump announced his wide-ranging granite of mutual tariffs on Wednesday, causing different reactions from U. S. business partners.
Trump unveiled the broad array of taxes at a White House occasion, implementing a baseline 10 % tariff but even higher prices for numerous other places that have similar charges on U. S. items. The chairman said the 10 % level will go into effect on April 5 at 12: 01 a. m. while the higher prices will go into effect on April 9 at 12: 01 a. m.
Here is how some of the states and the European Union have said they will listen to the looming taxes.
European Union
The European Union was slapped with 20 % taxes by the Trump administration, and authorities have vowed to fight with their own taxes. Union leaders have also expressed a willingness to negotiate.
” The general taxes announced by the US are a major blow to businesses and consumers worldwide. Europe is prepared to respond. We’ll constantly protect our interests and values. We’re even ready to engage. And to go from fight to negotiation”, European Commission President Ursula von der Leyen said Wednesday evening.
China
The White House announced that China would get a 34 % mutual tax, which is in addition to the previous 20 % tax Trump levied on the land. China’s Ministry of Commerce responded to the latest taxes on Thursday by claiming Beijing may react.
” China strongly opposes this move and will get resolute countermeasures to safeguard its reasonable rights and interests”, the country’s commerce ministry said in a statement, even calling the fresh tariffs” a common case of punitive bullying”.
United Kingdom
The United Kingdom did not receive any more taxes besides the foundation 10 % tax under Trump’s Wednesday statement.
U. K. Business and Trade Secretary Jonathan Reynolds told the British House of Commons on Thursday that he believes a business deal to reduce the taxes is” not only possible, it is beneficial to both countries”.
Reynolds also released a document with potential items they may target with tariffs if a deal is not reached with the United States to remove the 10 % blanket tariff by May 1.
Japan
Japan will have 24 % tariffs slapped on its imports into the U. S. under Trump’s reciprocal tariffs plan.
Japanese Prime Minister Shigeru Ishiba said Thursday he was “disappointed” by the tariffs, but he did not preview any retaliatory response, according to Reuters.
India
Trump announced he would put 27 % tariffs on India.
Officials from the Asian country are exploring options to respond to the tariffs but reportedly appeared to be looking at reaching a new trade deal with the U. S.
Vietnam
The White House announced Vietnam would receive one of the highest reciprocal tariff rates, at 46 %, prompting officials in the country to order a task force to explore their options in how to respond.
Taiwan
The island nation will be hit with a 32 % tariff as part of Trump’s reciprocal tariff plan, but the tariffs will not apply to semiconductor imports into the U. S.
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Taiwanese President Lai Ching-te said he is looking “forward to working closely with the US to ensure a fair, mutually beneficial approach”, though he did not preview any reciprocal tariffs on Thursday.
” Taiwan values its strong economic partnership with the US. Our trade surplus with the US is a result of policy shifts, not unfair trade practices”, he said in a post on X, saying he wants an approach that” strengthens our shared prosperity”.
