Disruption in the world market was caused by the US president to impose “payroll”, from 10% to 50%, in more than 100 countries and. All major companies (, clothing industries, footwear, etc.) are taken seriously, and in particular those who manufacture their products on which 46%duties were imposed on (34%) and (32%).
The reaction of German industry
The reactions from all states and major business sectors were intense following the announcements of the US president, with the German car industry claiming that their duties would only create losers, calling on the European Union to respond dynamically. On the other hand, its chemical industry calls on the EU to “remain calm”, stressing that a “escalation” would only be to “get worse”.
“We are sorry for the US government’s decision. It is important now that all places remain calm, “the VCI chemical industries said in a statement, representing giants such as Bayer or BASF. He called on Brussels to continue “close dialogue with Washington”, as “the goal must be a mutually fair solution to both parties” and Germany “should not be turned into a merchant war war without end.”
USA: Scaling If you pay off the duties
After all, US Finance Minister Scott Bessed advised “all” governments internationally not to pay back customs duties because there will be escalation.
“Hold on, absorb the hit, wait to see how the situation will evolve. If you return, there will be escalation, “the US finance minister said.
Britain: wants agreement with the US – it will not pay back directly
However, her government intends to conclude an agreement with the US to “mitigate” the impact of customs duties, and does not intend to proceed immediately with them, British Minister of Commerce Jonathan Reynolds said.
“The US is our closest ally. Our approach consists of remaining calm and committing to closing an agreement which, we hope to mitigate the impact, “he said.
It should be noted that, compared to other states, more favorable by Donald Trump, as the duties announced to the British products imported to the US will be 10%.
Countermeasures from Canada
In contrast, Prime Minister Mark Carney, who said he would oppose US President Donald Trump’s duties with countermeasures.
“It is absolutely necessary to act with purpose and power, and we will do this,” he told reporters before the cabinet meeting.
China: Resolving differences through dialogue
It called on the US to immediately cancel unilateral duties and resolve differences with trade partners through an equal dialogue.
“Many commercial partners have expressed strong dissatisfaction and clear opposition,” the Chinese ministry said.
China strongly opposes it and will receive decisive countermeasures to defend its rights and interests, the statement said.
Japan: Trump duties violate bilateral agreement
According to the Japanese government, the attack launched by US President Donald Trump, announcing customs customs duties of 24% on the country’s products, is likely to violate the rules of the World Trade Organization (WTO) and the two -state agreement.
“We have serious concerns about whether they are complying with WTO rules and the trade agreement between the US and the US,” government spokesman Yoimasa Hayai said during the briefing of accredited editors.
Earlier, Japanese Minister of Commerce Yodi Mutu said that Tokyo informed Washington that he was finding these duties “extremely sad”.
“I have announced that the unilateral tariff measures taken by the US are extremely sad and urged Washington again not to implement them” at the expense of Japan, Mr Mutu said to the press, clarifying that he had spoken with his US counterpart.
Brazil: all the possibilities are examined
The government of Brazilian President Luis Inasio Lula da Silva made it clear that it is considering “all” possible measures to tackle the US government’s decision to impose customs duties 10% on products importing from Latin America’s largest economy.
Brasilia “examines all possible actions to ensure reciprocity in bilateral trade, including appeal to the World Trade Organization, to defend legitimate national interests,” the government said in a statement. It is also emphasized that it remains open to dialogue, and believes that US allegations of reciprocal duties do not “reflect reality”.
Earlier, the Brazilian parliament adopted a law that enables the government to retaliate barriers to trade. The law on “economic reciprocity” was unanimously approved by Members of all parties.
