๐ Trump's Tariffs Spark Global Backlash: How World Leaders Are Responding ๐จBy Thomson Reuters
In a move that sent shockwaves through global markets ๐, U.S. President Donald Trump announced a sweeping 10% baseline tariff on all imports to the United States ๐บ๐ธ, with additional levies on key trading partners. While Canada ๐ and Mexico ๐ฒ๐ฝ were spared from the new tariff, existing duties of up to 25% on select goods remain in place due to ongoing disputes over border control and fentanyl trafficking. The response from world leaders has been swift and pointed, with many vowing to fight back ⚔️.
๐จ๐ฆ Canada: "We Will Fight These Tariffs"
Prime Minister Mark Carney acknowledged that key aspects of Canada-U.S. trade relations were preserved but condemned the continued tariffs on steel, aluminum, and fentanyl-related products.
"We are going to fight these tariffs with countermeasures ⚖️, we are going to protect our workers ๐ท, and we are going to build the strongest economy in the G7."
๐ง๐ท Brazil: "Considering WTO Action"
The Brazilian government expressed deep disappointment over the tariffs, stating:
"The Brazilian government regrets the decision… and is evaluating all possible actions to ensure reciprocity in bilateral trade, including resorting to the World Trade Organization ๐️ in defense of legitimate national interests."
๐ฆ๐บ Australia: "This Is Not the Act of a Friend"
Australian Prime Minister Anthony Albanese strongly criticized the move, calling it illogical and damaging to the U.S.-Australia relationship:
"Today's decision will add to uncertainty in the global economy and push up costs for American households ๐ก๐ฐ."
๐ฐ๐ท South Korea: "A Trade War Reality"
With the escalating trade war looming, South Korea’s acting president Han Duck-soo emphasized the urgency of the situation:
"The government must pour all its capabilities to overcome the trade crisis ๐ฅ."
๐จ๐ณ China: "No Winners in Trade Wars"
China’s commerce ministry vowed to take countermeasures:
"There are no winners in trade wars, and there is no way out for protectionism ๐ซ. China urges the U.S. to immediately lift unilateral tariffs and resolve differences through dialogue on an equal footing."
๐ช๐บ Europe: "A Major Blow to the Global Economy"
European Commission President Ursula von der Leyen warned of a protectionist spiral:
"Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe ๐๐ฅ."
She further stated that the EU was already preparing countermeasures, particularly against steel tariffs, and would escalate its response if negotiations failed.
๐ Other Global Leaders React
๐ณ๐ฟ New Zealand Trade Minister Todd McClay: "New Zealand’s interests are best served in a world where trade flows freely… We will be speaking with the U.S. administration to understand the full impact of these tariffs."
๐ช๐ธ Spanish Prime Minister Pedro Sanchez: "Spain will protect its companies and workers and remain committed to an open world."
๐ธ๐ช Swedish Prime Minister Ulf Kristersson: "We don’t want a trade war; we want to restore cooperation."
๐จ๐ญ Swiss President Karin Keller-Sutter: "Switzerland will determine its next steps while upholding free trade and international law."
๐ฎ๐ช Irish Prime Minister Micheรกl Martin: "Tariffs benefit no one. Our priority is protecting Irish jobs and the economy."
๐ฎ๐น Italian Prime Minister Giorgia Meloni: "We will work towards an agreement to prevent a trade war that weakens the West."
๐ช๐บ European Parliament Leader Manfred Weber: "Donald Trump's tariffs attack fair trade out of fear and harm both sides of the Atlantic."
๐จ๐ด Colombian President Gustavo Petro: "We will only raise tariffs on U.S. goods if they take away our jobs."
๐ฎ The Road Ahead
As global leaders strategize their next moves, countermeasures and diplomatic negotiations are already underway. With international markets on edge, the long-term effects of Trump’s latest trade policy remain to be seen. One thing is certain: the world is watching ๐, and it’s ready to respond.
What are your thoughts on it?
ReplyDeleteAsking as a general public.