• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

World leaders react to Trump’s sweeping tariffs: ‘tumultuous times’ ahead

by April 3, 2025
written by April 3, 2025

World leaders reacted to the sweeping tariffs President Donald Trump released this week impacting essentially every U.S. trading partner. 

The White House has implemented a flat 10% tariff on apparently all imports, though some nations saw drastically higher taxes slapped on their U.S. exports – including Vietnam, which was issued a 46% tariff one day after it slashed its tariffs on U.S. imports.

However, no nation was handed a higher import tax than China, which Trump revealed will have an additional 34% blanket tariff on its exports to the U.S. on top of the 20% tariff the president implemented earlier this year. This brings the total tariffs on Chinese goods imported into the U.S. to 54% – just shy of the 60% Trump pledged on the campaign trail.

CHINA – 54% tariffs

‘China firmly opposes this and will take countermeasures to safeguard its own rights and interests,’ China’s Commerce Ministry reportedly said in a statement. ‘There are no winners in trade wars, and there is no way out for protectionism.’

Chinese Foreign Ministry spokesman Guo Jiakun also warned that ‘Protectionism has no exit ramp’ and urged Washington to ‘correct its wrong practices and resolve economic and trade differences with other countries — including China — through fair, respectful and reciprocal consultations.’ 

EUROPEAN UNION – 20% tariffs

The EU, which was hit with a blanket 20% tariff on top of the 25% tariffs on steel and aluminum as well as car exports to the U.S., which are expected to severely impact European nations, pledged to strike back at Trump’s tariff war.

‘I know that many of you feel let down by our oldest ally,’ European Commission President Ursula von der Leyen said in a video posted to X. ‘Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe.’

The EU chief said the bloc was already finalizing countermeasures to Trump’s tariffs on steel and pledged to take similar actions to protect the pharmaceutical and auto industries ‘if negotiations fail.’

‘We must brace for the impact this will inevitably have. Europe has everything it needs to make it through this storm,’ von der Leyen added, noting the EU is the single largest market on the planet, which she said serves as Europe’s ‘safe harbor in tumultuous times.’

‘If you take on one of us, you take on all of us,’ she added. ‘Our unity is our strength.’

UNITED KINGDOM -10%

Leaders in the U.K. have repeatedly said they would not immediately respond to the blanket tariff – which coupled with the steel and auto tariffs, could have a significant impact on its economy – though London is taking steps to see which tariffs could be implemented that would have the least negative effect on its own businesses. 

British Trade Secretary Jonathan Reynolds reportedly told members of Parliament on Thursday that the U.K. will ‘not hesitate to act’ if an agreement with Washington to circumvent the tariff war cannot be met, reported Politico.

‘We will seek the views of U.K. stakeholders over four weeks until 1st May 2025 on products that could potentially be included in any U.K. tariff response,’ Reynolds said in a statement. ‘This exercise will also give businesses the chance to have their say, and influence the design of any possible U.K. response.’

CANADA – 25% tariffs

Canadian Prime Minister Mark Carney said Trump’s tariffs will ‘fundamentally change the international trading system’ and pledged to ‘fight’ back through ‘countermeasures.’

‘We’re in a situation where there’s going to be an impact on the U.S. economy, which will build with time,’ he added. ‘In our judgment, it will be negative on the U.S. economy that will have an impact on us.’

‘In a crisis, it’s important to come together,’ Carney said. ‘It’s essential to act with purpose and with force, and that’s what we will do.’

MEXICO – 25% tariffs

Mexican President Claudia Sheinbaum said she will ‘announce a comprehensive program’ to address Trump’s tariffs but will not engage in a ‘tit-for-tat on tariffs.’

Sheinbaum said she plans to ‘strengthen the economy under any circumstance.’ 

JAPAN – 24%

Japanese Prime Minister Shigeru Ishiba said, ‘We’re putting all options on the table in considering the most effective response.’

‘Japan is a country that is making the largest amount of investment to the United States,’ he reportedly told his Parliament. ‘We wonder if it makes sense for (Washington) to apply uniform tariffs to all countries. That is a point we’ve been making and will continue to do so. 

‘We need to consider what’s best for Japan’s national interest,’ he added, without detailing what specific steps Tokyo could take.

AUSTRALIA – 10%

Though Australia was among the nations hit with some of the lowest tariffs issued by the White House on Wednesday, Australian Prime Minister Anthony Albanese called them ‘totally unwarranted.’

‘President Trump referred to reciprocal tariffs. A reciprocal tariff would be zero, not 10%,’ he said at a press event. ‘The administration’s tariffs have no basis in logic, and they go against the basis of our two nation’s partnership.’

‘This is not the act of a friend,’ Albanese said.

Albanese pointed out that Americans will pay the heaviest price for the tariffs and said therefore he will not put reciprocal tariffs back on the U.S. 

‘We will not join the race to the bottom,’ he added, but pledged to continue to fight to have the tariffs removed. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Rubio demands NATO pony up, dismisses ‘hysteria’ over US role under Trump
next post
Chip Roy follows Trump’s lead with bill to ‘beat China’ on trade

related articles

Elon Musk may speak to Trump aides in...

June 6, 2025

MARK HALPERIN: Democrats try to construct a Frankenstein...

June 6, 2025

Democrats begin to embrace Musk amid Trump spat...

June 6, 2025

‘Gone too far’: GOP lawmakers rally around Trump...

June 6, 2025

Trump administration defends US and Israeli sovereignty with...

June 5, 2025

Musk unleashes wild Epstein claim against Trump after...

June 5, 2025

Biden only hand-signed one pardon during final spree,...

June 5, 2025

GOP bill takes aim at Congress’ ‘no rules...

June 5, 2025

White House highlights Pelosi hypocrisy after Schiff demands Trump admin...

June 5, 2025

Ex-Biden advisor calls Jean-Pierre ‘kinda dumb,’ deletes tweet,...

June 5, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Intel stock surges as Vance pledges to protect US AI technology, boost domestic production

    February 12, 2025
  • Amazon workers worldwide set to protest on Black Friday weekend, union federation says

    November 27, 2024
  • Putin thanks Trump for principles of ceasefire push, but does not say yes

    March 13, 2025
  • Rheinmetall, BAE Systems and other European defence stocks surge as leaders push for higher military spending

    March 3, 2025
  • Biden’s ‘garbage’ comment sends Dem Senate candidates scrambling in key swing states: ‘strongly disagrees’

    October 30, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,838)
  • Investing (624)
  • Stock (789)

Latest Posts

  • Democrat Ritchie Torres’ torrent of attacks against own party fuels primary showdown buzz in New York

    December 9, 2024
  • With 8 days until voting starts, ‘election season’ kicks off sooner than you think

    August 29, 2024
  • Iran tried to influence election by sending stolen material from Trump campaign to Biden’s camp, FBI says

    September 19, 2024

Recent Posts

  • Trump allies push for more White House control over Congress’ purse strings

    December 16, 2024
  • Gaming giant Nintendo’s Q1 net profit declines by 55% as Switch sales fall

    August 2, 2024
  • House Ethics Committee says no agreement reached on releasing Matt Gaetz report

    November 20, 2024

Editor’s Pick

  • Russia remains ‘active threat’ in influencing 2024 election, likely to focus on swing states: U.S. officials

    November 5, 2024
  • GM lays off 1,000 employees amid reorganization and cost-cutting

    November 16, 2024
  • ‘Morning Joe’ co-hosts bend the knee at Mar-a-Lago to try and ‘reset the relationship’

    November 19, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock