His decision to impose has caused chain reactions. Leaders from all over the world have reacted to the movement of the US president.
The European Union is sorry for the US President Donald Trump’s decision to impose a 25% duty on European vehicles imported by his country, the European Commission President said X via X.
“I am deeply sorry for the US decision,” Ms. von der Layen noted, adding that Brussels “will continue to seek solutions through negotiations” with Washington.
I deeply regret the U.S. decision to impose tariffs on EU automotive exports.
Tariffs are taxes – bad for businesses, worse for consumers, in the US and the EU.
The EU will continue to seek negotiated solutions, while safeguarding its economic interests ↓
– Ursula von der Leyen (@vonderleyen)
‘Straight attack on Canada’s workers’
The most aggressive line was followed by Canadian Prime Minister Mark Karni. “Customs duties against our automotive industry are directly attacking the workers” in Canada, “the new leader of the liberals and prime minister addressed reporters, accusing Republican President Trump of” betraying “the” freelance “.
Canadian Prime Minister Mark Carni
Brazilian President Luis Inasiou Lula da Silva said his country “can’t do anything” in front of the attack he has launched by imposing duties by US counterpart Donald Trump.
‘We can’t do nothing’ like ‘They are the only ones who are right and have the opportunity to tariff the products of others. “Lula said during a press conference on the sidelines of his official visit to Tokyo. In Brasilia “we will adopt the approach that will be beneficial to Brazil in our opinion,” he added.
Japan will pay back the measures
The Japanese government has warned today against the “big impact” of US President Donald Trump’s attack, imposing additional customs duties on US and Japanese trade and economic relations, as well as in the world.
“We believe that these measures (…) and other general restrictions on trade imposed by the US government may have a major impact on economic relations between Japan and the US, as well as the global economy and the multilateral trade system,” said Japanese spokesmen.
The additional 25% customs duties in Japanese imported cars announced by Washington are a “extremely sad” development, the government spokesman noted a little earlier when informing accredited editors.
“It is extremely sad that the US government has announced these tariff measures (…) that include Japan,” he insisted.
Japan Prime Minister Sigeru Isiba has made it clear that Tokyo intends to reciprocate “appropriate” measures, adding that “all” options would be examined, addressing parliament.
Japanese and South Korean car giants, from Toyota to Hyundai, see their securities prices on the capital markets falling after the Asian stock markets have been opened, following the announcement of the imposition of additional customs duties on imported vehicles.
Around 02:10 (Greek time) on the Tokyo Stock Exchange, the big names in the sector were all falling: Toyota (-3.72%), Mitsubishi (-3.7%), Nissan (-3.2%), Honda (-2.77%). The general index also had a downward trend, though not so spectacular (-0.79%). In Seoul, the shares of Hyundai Motor (-3.15%) and Kia Corporation (-2%) were on a similar orbit.
Japan is particularly vulnerable. Last year, the automaker entered 28% of the goods of Japanese origin exported to the US, or $ 40 billion. And the automotive industry is a pillar of the Japanese economy, 10% of its workforce is employed in it.
For the Japanese Giant Toyota, No. 1 worldwide, in front of its big opponent, the German Volkswagen, the US is a critical market. Japanese manufacturers also have a great presence in Mexico, in the context of interrelated industry production chains.
Each year, Japanese manufacturers export some 1.37 million vehicles to the US, although they are far from their climax to 3.43 million points in 1986, Massanori Katagama, president of Jama, the Japan Automotive Association, reminded last week.
They would have to follow the production of production in the event of duties, Mr Katagama warned.
