Many countries of the world have expressed their anger and shock from US President Donald Trump’s decision yesterday, Wednesday, to impose new and wide customs definitions, in a move described as “the declaration of economic liberalization of the United States.”
The Trump administration hopes to reduce the trade deficit and stimulate the local industry, but the economic warnings came quickly, as the American Chamber of Commerce considered that this step represents a “wide tax on consumers” and threatens to make a sharp rise in prices and economic slowdown, according to the Wall Street Journal.
In the following, the most prominent initial reactions to the customs duties imposed by Trump on his country’s imports from the countries of the whole world, especially from China and the European Union.
Canadian Prime Minister Mark Carney pledged to respond to Trump’s fees, considering that she would “radically change” international trade.
“We will address these customs fees with counter -procedures,” Carney said in Ottaw
The German Chemical Industries Union (VIC) – which the United States is the largest importer of its products – called on the European Union to “be calm” in its response to Trump’s fees, stressing that “the escalation will only exacerbate the damage.”
While the German Automobile Industry Union (DIA) condemned customs duties, calling on the European Union to respond to it strongly, as it “will cause heavy losses” and appeal to it at the same time “to continue to express its willingness to negotiate.”
This German Federation also warned that the loss will not be limited to its country, but will extend the American consumer and the American auto industry itself.
Brussels appealed to the conclusion of free trade agreements “with the largest possible number of regions in the world” in order for the European Union to become “the hero of free and fair global trade.”
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Italian Prime Minister Georgeta Meloni has announced that Trump’s fees are “a bad measure” warning that the outbreak of a trade war will only lead to weakening the West.
“The United States imposing customs duties on the European Union a measure that I consider is wrong and is not in the interest of either party. We will do our best to reach an agreement with the United States to avoid a trade war that will inevitably weaken the West in favor of other global actors,” Meloni said in a statement.
British Trade Minister Jonathan Reynolds has announced that the UK is still committed to an agreement with the United States to “alleviate” the impact of the new American customs duties, stressing that London does not intend to take revenge measures immediately.
In turn, the manufacturing pressure group “Mick UK” condemned Trump’s decision, confirming in a statement that these fees are “destroyed and will eliminate contracts of integrated supply chains that link the United Kingdom to the United States through other commercial partners.”
Also, Trump’s decision was condemned by the UK’s manufacturers and merchants Association, considering it “a disappointing and perhaps harmful.”
The Brazilian parliament passed a law permits the government to take measures to respond to any commercial restrictions that hinder the country’s exports, while the government of leftist President Luis Inacio Lula da Silva said it regretted the decision taken by the US government today by imposing additional customs duties by 10% on all Brazilian exports.
She added that she is “in the process of evaluating all possible measures to ensure reciprocity in bilateral trade, including resorting to the World Trade Organization.”
Australian Prime Minister Anthony Albaniz announced that Trump’s fees are “totally unjustified” and would change his country’s relationship with the United States.
Irish Prime Minister Michael Martin expressed “extreme regret” to the US President imposing a 20% customs duties on his country’s imports from the European Union, calling on the 27 members of the bloc to respond to Washington in a “proportional” way.
“The US government believes that increasing customs duties on its imports in general may increase production, wealth and employment. In my opinion, this may be a fatal mistake.”
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“Everyone has benefited from global trade, and I do not understand why the United States wants to launch a trade war on Europe. No one is winning, everyone is losing,” said Danish Foreign Minister Lars Rasmussen.
President Karen Keeler-Astar, whose country imposed customs duties by 31% that “the long-term economic interests of Switzerland constitute priority.”
“Respect for international law and free trade are two basic things,” she pointed out that Bern “will quickly determine what will come after that.”
China announced Thursday that it “strongly opposes” the new US customs duties on its exports, pledging to take “counter -measures to protect its rights and interests.”
The Ministry of Commerce said in a statement that the American customs duties “do not comply with the rules of international trade and seriously harm the rights of the parties concerned and their legitimate interests.”
Japan warned on Thursday that the new customs duties imposed by Trump may violate the rules of the World Trade Organization and the trade treaty concluded between the two countries.
The Minister of Trade and Industry, Yuji Moto, announced that Tokyo had informed Washington that customs duties were “very unfortunate”.
Thai Prime Minister Betongarren Chinawatra announced on Thursday that his country has a “strong plan” to deal with the customs duties that Trump imposed on its exports to the United States, stressing that Bangkok hopes to succeed by negotiating in reducing these exorbitant identities of 36%.
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South Korea
Acting President Han Duck Soo expressed his regret that “the global customs duties war has become a fact” pledging to use all government resources to overcome the commercial crisis.
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US
On the other hand, US Treasury Secretary Scott Beesent warned the whole world of the world against responding to Trump’s fees, under penalty of “escalation”.
Addressing the leaders of these countries, the minister said, “Relax, bear the strike, and wait to see how the situation will develop, because if you repeat, there will be an escalation,” the minister said.
