Trump tariffs: The world reacts

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April 8– Global leaders have responded to the “discounted” reciprocal tariffs, announced by POTUS on 2nd April or dramatically known as the Liberation day.

The announcement sent shockwaves across the world, markets crashed, recession fears resurfaced and global leaders prepared– either for a deal or a counter measure.

One of the strongest retaliation came from China. 

In a statement, China’s Ministry of Commerce called Washington’s move “a mistake on top of a mistake,” warning, “If the US insists on its own way, China will fight to the end.”

Beijing has already started shoring up its markets, as fears of a prolonged trade war reach new highs. 

The latest tension stems from Trump’s threat to slap an additional 50% tax on Chinese goods—on top of a 34% hike set for April 9 and a prior 20% increase. If implemented, total announced tariffs this year would hit a staggering 104%.

While Trump’s tariffs are set to hit over €380 billion worth of EU-made products, the European Union took a different approach. President of the European Union Ursula von der Leyen offered a deal to the US– “zero for zero”

But POTUS did not budge.

On Monday, President Donald Trump dismissed the European Union’s offer to remove tariffs on industrial products, including cars. He said the proposal doesn’t go far enough to address the trade gap between the two sides.

The EU’s offer—was aimed at reducing trade tensions, but could not achieve the desired results.

The EU has also prepared countermeasures—by proposing a 25% counter-tariff on a range of U.S. imports, set to take effect on May 16, unless a deal is reached.

Along with China and the EU’s responses, a broader international reaction is beginning to take shape.

Australian Prime Minister Anthony Albanese criticized the U.S. tariff move during a speech in Melbourne on Thursday, calling it “without logic” and warning that it undermines the longstanding alliance between the two nations. 

Meanwhile, Brazil—which now faces a 10% tariff on its exports—has passed a new reciprocity bill enabling it to impose retaliatory duties on any nation or bloc that targets Brazilian goods.

Some countries opted for a diplomatic approach.

India has opted not to retaliate against the U.S.'s 26% tariff, instead focusing on finalizing a broader trade deal by late 2025. 

New Delhi is considering lowering tariffs on $23 billion worth of American goods and has already cut duties on items imported from the US.  

Officials believe India is better positioned than countries like China or Vietnam, which are facing steeper tariffs. 

Along with Taiwan and Indonesia, India has confirmed it won’t impose counter-tariffs—for now.

Banks in Japan and Singapore have begun readjusting their policies to account for the tariffs — read how the financial sector is responding in real time.

Loved the scoop?

See how Colombia and Japan are responding—read on for the full story.

🗣️ Community Buzz

On Monday morning, a social media post suggested President Trump might be considering a 90-day delay on the new tariffs.

The rumor was enough to send the S&P 500 soaring, adding $2.4 trillion in market value in just 10 minutes.

But the rally was short-lived. The White House quickly denied any plans for a delay, and markets gave up all gains just as fast. 

Later that afternoon, Trump shut the door completely, saying he was not “looking at” any delay. For now, it’s full steam ahead on tariffs.

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