Donald Trump’s decision to impose new prices on all goods entering the United States is a “major hit in the world economy,” said European Commission, Ursula Von Der Leyen.
Her comments echo those of a number of other countries, including China, which has expressed its opposition to this decision and warned that it would take “resolved countermeasures” against the United States.
Their warning words come after the American president announced a universal tariff of 10% on all imports in the United States from April 5. About 60 countries will also be struck by more steep rates from April 9.
Trump said the measures were reimbursement of unfair trade policies, adding that he was “very nice” in his decisions.
Trump said the prices will be used to stimulate American manufacturing, saying on Wednesday that this decision “would make America rich” again “.
By giving a statement Thursday morning, Von Der Leyen said that new tax imports will see the “spiral of uncertainty”, provoking “disastrous consequences” for millions of people around the world “.
She highlighted the impact on the most vulnerable countries, stressing that some of these nations are now subject to some of the highest American rates.
The head of the EC promised in Europe would adopt a unified approach and warned that the European Union – which will be subject to a tariff of 20% – prepares countermeasures in the event that negotiations fail.
“If you take one of us, you all take it,” she said.
The Giorgia Meloni of Italy, an ally of Trump, said that the decision was “wrong” but that it would work on an agreement with the United States to “prevent a trade war”.
His Spanish counterpart Pedro Sánchez said that Spain “would continue to engage in an open world”, During his stay in Ireland, Taoiseach Micheál Martin said that Trump’s decision was “deeply regrettable” and took advantage of “person”.
In France, President Emmanuel Macron will meet representatives of the business sectors struck by new taxes at the Palace d’Elysée on Thursday, the French presidency said.
Outside the EU, China – one of the countries considered the “worst offenders” by the American president – was struck by a rate of 34%on goods, in addition to a levy existing at 20%, bringing total tasks to at least 54%.
The Ministry of Commerce urged the United States to “immediately cancel” prices, adding that China “would resolutely take countermeasures to protect its own rights and interests”.
Taiwan, which is expected to cope with a rate of 32% for exports to the United States, called the “very unreasonable” movement.
Prime Minister Cho Jung-Tai also said it would make “serious performances” in the United States.
South Korean interim president Han Duck-Soo said that the World War of Trade “has become a reality” and that his government would seek means to “overcome the commercial crisis” after the Eastern Asian country has been reached by a rate of 25%.
Japan said its 24% tax was “extremely regrettable” and could violate the World Trade Organization and Japanese Japanese agreements, while Thailand said it would negotiate its rate by 36%.
The economic officials of Israel, who had eliminated all prices on American imports before the announcement, would have “total shocked” on its 17%tariff, local media reported.
“We were sure that the decision to completely cancel prices on imports from the United States would prevent this decision,” said a manager at local media.
Officials of the White House have said that its samples were reciprocal to countries, such as China, which said that the billing of higher prices on American products impose “non -tariff” obstacles on American trade or otherwise acted in a way that the government feels American economic objectives.
The leaders of the countries subject to the reference rate of 10% also reacted to the measures of Trump, with Anthony Albanese in Australia, the Americans would end up paying the highest price for what he called “unjustified rates”.
His government will not impose reciprocal measures, he said, adding: “We will not join a race to the merits which causes higher prices and slower growth”.
A Downing Street Source told BBC that the lower price of the United Kingdom “justifies” Recent government efforts to a trade with the United States.
The business secretary, Jonathan Reynolds, said that the government remained “entirely focused on negotiating an economic agreement with the United States which strengthens our fair and balanced commercial relationship”.
In Latin America, its greatest economy, Brazil, approved a law in Congress on Wednesday – the economic reciprocity law – to counter the 10% tariff imposed by Trump.
The Ministry of Foreign Affairs said that it would evaluate “all possible actions to ensure the reciprocity of bilateral trade, including the use of the World Trade Organization”.
Shortly after Trump’s announcement, the American secretary of the Treasury, Scott Bessent, warned the countries not to “retaliate” and “sit down, take it”.
“Because if you retaliate, there will be an escalation,” he told Fox News.
Notably, the two largest trade partners in the United States, Canada and Mexico, were not mentioned in Wednesday’s announcements.
The White House said it would treat both countries according to previous decreeswhich imposed prices of 25% on the two nations in the context of efforts to solve the problems of fentanyl and borders.
Anyway, Canada will always be affected by prices, said Prime Minister Mark Carney. Measures such as the 25% rate on cars from midnight on Thursday “would directly affect millions of Canadians,” he added.
He promised to “fight these prices with countermeasures”, adding that American samples “would fundamentally change the global trade system”.
