US President Donald Trump on Wednesday announced a comprehensive tariff on the countries of the world. He not only put this tariff on his rivals, but also did not spare his close business colleagues. On April 2, Trump stated ‘Liberation Day’ and said that ‘This (tariff) is a declaration of our freedom’. Trump says that by imposing tariffs, America’s trade deficit will be reduced, companies will start production by coming to America and will increase jobs. But experts say that this move of Trump can start a global trade war and weaken the economy of the countries.
Trump’s new tariff announcement has revealed the reaction of leaders around the world. On behalf of India, Union Minister of State for Finance Pankaj Chaudhary has said that India will first analyze the tariff. Trump has imposed a 27% tariff on India. Regarding this, Minister Pankaj Chaudhary said, ‘America is the first for Donald Trump and India is first for Modi ji. We will first analyze it (tariff), then we will assess its effects and see how to deal with it.
How did the rest of the countries react?
China
China on Thursday condemned the new tariff of America, saying that it would ‘strongly oppose these methods and implement retaliation to protect its rights, interests’.
In a statement on Thursday, the Chinese Ministry of Commerce Criticizing Tariff, calling it a violation of international trade criteria and argued that it causes great damage to the legitimate rights of the affected countries.
Italian Prime Minister Georgia Meloni
Trump’s ally, Italy’s Georgia Meloni said that the decision is “wrong”. But at the same time she said that she will work towards agreement with America to stop trade war i.e. trade war.
European Commission Chairman Ursula von Der Leyen
EU president Von Der Leyen said, ‘President Trump’s declaration of tariffs on the whole world, including the European Union, is a big setback for the world’s economy. This will increase uncertainty and promote protectionism. It will have terrible results for millions of people around the world.
Ireland Prime Minister Michael Martin Said that ‘tonight the decision to impose 20% tariff on imports from the European Union is extremely regrettable. I firmly believe that no one benefits from the tariff. The priority of me and the government is to protect the Ireland jobs and the economy here.
Spain Prime Minister Pedro Sanchez Said that Spain will be committed to an open world. He said, “Spain will protect its companies and workers and will be committed to an open world.”
French President Emmanuel Macron
French President Emmanuel Macron said that this is going to be very difficult for Europe. He said, ‘This is very difficult for Europe. I believe that this is going to be very disastrous for America and its citizens as well.
Taiwan’s Prime Minister Cho Jung-Tai
The US has imposed a tariff of 32% on Taiwan. Regarding this tariff, the Prime Minister of the country Cho Jung said that this is a very unfair step. He said that he will put his point seriously before America.
South Korea’s Acting President Han Duck-Su
South Korea’s acting President Han Duck-Suk said that the global trade war has come true. The US has imposed a 26% tariff on South Korea. Duck Suu has said that his government will consider ways to overcome business crisis.
Britain’s Prime Minister Kareer Stmper
The British Prime Minister’s Stmper has said that they will fight “fight” to enact a trade agreement with the US to reduce the impact of tariffs. He has said that the world is entering a new era.
Canadian Prime Minister Mark Carney
Prime Minister Mark Carney said on Wednesday that Canada would respond to US President Donald Trump’s tariff. Before the cabinet meeting to discuss the Canadian response, he said to the press, “It is necessary to work with the purpose and strength and we will do this.”
Australia Prime Minister Anthony Albanese
Australian Prime Minister Anthony Albanese said on Thursday that US President Donald Trump’s decision to put a tariff is ‘no friend’s job’ but refused to put a recipe crocal tariff against America.
Albanese told the media, ‘The tariff of Trump administration has no logical basis and this tariff is against the partnership of both countries. This is not a friend’s job.