Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next week
‘It could’ve been much worse’: how UK avoided a bigger blow from Trump tariffs
When Jonathan Reynolds gathered with officials around the large television screen in his office to watch Donald Trump unleash his global trade war, he knew little more than anyone else about what was to come.
It was Wednesday night and the US president was about to upend a century of global trade with the imposition of sweeping taxes on US imports from around the world.
Our view is we have to stand firm. The action taken by the US government is completely illogical.
It will damage the United States itself. It will raise costs in the United States. It will eliminate jobs in the United States, it will reduce growth in the United States and we have to make it abundantly clear not just that that this is going to happen rhetorically, but the US has to feel the pain because ultimately it will be Americans who will persuade their government to stop this foolishness.”
I have never seen Canadians more united and more determined around an issue before.
Mr Carney’s approach is very thoughtful, it’s very measured and it is one that enjoys huge support from the Canadian population. Canadians are standing together on this like I’ve never seen before.”
When we are attacked we fight back and we stand up for ourselves in the world and we build our own economy to ensure that we are more insulated from this kind of abuse in the future.”
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Source link : https://www.theguardian.com/us-news/live/2025/apr/05/trump-tariffs-global-economy-markets-latest-news-updates
Author : Amy Sedghi
Publish date : 2025-04-05 09:20:00
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