Leaders across globe react to US tariff move

#Leaders #globe #react #tariff #move

US President Donald Trump has announced plans to impose 10 % baseline tariffs on all imports to the United States, even more duties targeting the country’s key trading partners.

According to the White House Fact Sheet, the new 10 % of the global tariffs will not apply to Canada and Mexico. However, the current revenue of the two countries’ products will be up to 25 %, which are linked to the ongoing concerns about border security and phenothenary trafficking.

Here are some reactions to top officials and governments around the world:

European Commission President Ursola Van Der Leene

“President Trump’s announcement of Universal tariff on the world, including the European Union, is a major blow to the global economy.”

“Uncertainty will further enhance the rise of protectionism. The consequences will be serious for millions of people around the world.”

“We are already finalizing the first package of anti -measures in response to the tax on steel. And now we are preparing more counters to protect our interests and our businesses when the negotiations fail.”

China Commerce Ministry

“China strongly oppose it and will take retaliation to protect its rights and interests.”

“There are no winners in trade wars, and there is no way of protectionism. China has requested the United States to immediately raise unilateral taxes and to properly resolve the differences with its business partners through equal dialogue.”

Japanese Prime Minister Shigero Esba

“Japan is a country that is investing the most in the United States, so we are surprised whether (Washington) is understanding to apply uniform taxes in all countries.”

“We need to consider what is better for Japan’s national interest. We’re putting all options on the table to consider the most effective response.”

Canadian Prime Minister Mark Carney

“(Trump) has secured many important elements of our relations, the trade relations between Canada and the United States. But fantasy revenue is still there, as is the same as steel and aluminum prices.”

“We are going to fight these rates with retaliation, we are going to protect our workers, and we are going to build a strong economy in the G7.”

Brazil’s Foreign Ministry

“The Brazilian government today regretted the North American government’s decision on April 2 to impose additional taxes of more than 10 % on all Brazilian exports to this country.”

“The Brazilian government is reviewing all possible steps to ensure bilateral trade in bilateral trade, including resorting to the World Trade Organization in defense of legitimate national interests.”

Australian Prime Minister Anthony Albani

“The (Trump) administration has no basis for the logic of prices and are against the basis of the partnership of our two countries. This is not a friend’s process. Today’s decision will increase uncertainty in the global economy and will increase the costs of US households.”

South Korea’s acting president Han Dick

“Since the global trade war has become a reality, the government should put all its capabilities to overcome the trade crisis.”

New Zealand Minister of Commerce Todd McKali

“New Zealand’s interests are best presented in a world where trade operates freely … New Zealand’s bilateral relations with the United States are strong. We will talk to the administration to get more information, and will talk to our exporters to better understand the impact of this announcement better.”

Spanish Prime Minister Pedro Sanchez

“Spain will protect its companies and workers and will be committed to the open world.”

Swedish Prime Minister Al -Krisson

“We don’t want to grow growing trade barriers. We don’t want a trade war … We want to find a way to trade and cooperate with the United States, so that people in our countries can enjoy a better life.”

Swiss President Crane Keller

“(The Federal Council) will immediately determine the next steps. The country’s long -term economic interests are important. International law and adherence to free trade is the basic values.”

Irish Prime Minister Michael Martin

“Tonight, the US’s decision to impose 20 % taxes on imports from the European Union is deeply regrettable. I firmly believe that taxes are not beneficial to anyone. My priority and government is to protect the Irish jobs and the Irish economy.”

Italian Prime Minister Georgia Meloni

“We will make every effort to work towards the agreement with the United States, which aims to avoid trade war, which will inevitably weaken the West in favor of other global players.”

Manfred Weber, EPP President, who is the largest party in the European Parliament

“For our American friends, today is not a day of independence – this is a day of resentment. Donald Trump’s prices do not defend fair trade. They attack it with fear and hurt both sides of the Atlantic. Europe is united, ready to defend its interests, and are ready to defend its interests.