US President Donald Trump has announced a comprehensive tariff on major business partners including India. Trump described it as one of the most important days of American history, calling Trump on 2 April. Speaking at the Rose Garden of the White House, he said that America was looted by its business partners for decades. He announced the imposition of recipe -rifle tariffs matching foreign charges on American goods. Trump showed a chart in which it was told how much tariff the US would impose on which country will be based on how much tariff they have imposed on America. Trump said that we will put about half a tariff from them, which they are collecting from us, so the tariff will not be completely recipe.
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What reaction to Trump’s tariff
Ireland: Irish Prime Minister Michael Martin described the decision as extremely regrettable and unfair. He said that goods and services worth more than 4.2 billion euros per day are traded between the European Union and the US. No one will benefit from disrupting this intensive integrated relationship.
Britain: The UK government said that the US remains the closest ally in the US. Trade Minister Jonathan Reynolds said that Britain hopes that it would make a trade agreement to reduce the impact of 10 percent fee on British goods declared by Trump. He said that no one wants a trade war and our intention is to ensure the agreement.
Italy: Prime Minister Georgia Meloni said that the new 20 percent tariff against the EU was wrong and said that no party will benefit from it. Meloni posted on Facebook and said that we will make every effort to work with the US towards an agreement, which aims to avoid a business war.
Spain: Spain’s Prime Minister Pedro Sanchez vowed to protect Spain’s businesses and workers, confirming his country’s commitment to global trade.
Brazil: The Brazilian government said that it is considering taking the matter to the World Trade Organization (WTO). The Congress of Brazil later unanimously passed a bill, which allows the Brazilian government to retaliate against any country or trade group charging the goods of the country. One of the largest exporters to the US, Asian countries pledged to take quick action to support the affected vehicle manufacturers and other businesses.
European Parliament: The European People’s Party (EPP) president Manfred Weber strongly criticized Trump’s move. He said that for our American friends, today is not liberation day – this is anger day. Donald Trump’s tariffs do not protect fair trade; They attack it due to fear and damage both sides of the Atlantic.
South Korea The Ministry of Trade said that the acting leader of South Korea Prime Minister Han Duck-Suk has asked the officials to work with business groups to analyze the possible impact of the new 25 percent fee to minimize the loss.
China: The Ministry of Commerce said that China will strongly retaliate to protect its rights and interests’. However, China did not say what steps it can take in its response. China said that China urges the US to immediately cancel its unilateral fee measures and to properly resolve differences with its business partners through similar interactions.
