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How China, Canada and Other Nations are Responding to Trump’s Tariffs

by Investor News Today
April 8, 2025
in Market Updates
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How China, Canada and Other Nations are Responding to Trump’s Tariffs
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Source: U.S. International Trade Commission

Note: Boxes sized by value of exports to the United States. Only the 20 largest exporters to the U.S. are shown.

The New York Times

For now, most world leaders are trying to bargain their way out of the sweeping new American tariffs. Just two of the 20 largest exporters to the United States have countered them with new tariffs of their own.

One was China, which said Friday that it would impose a 34 percent import tax on products coming from the United States. That prompted escalation from the Trump administration: Rescind the tax, it warned, or American tariffs on China would go up another 50 percent.

The other was Canada, which last month placed tariffs on a variety of U.S. goods. The European Union, while signalling that it would prefer to negotiate, is said to be working to finalize a list of U.S. goods that it would target.

Other economies — even large ones like Japan and South Korea — don’t have the same leverage, and many are offering concessions. Some are offering to lower their own tariff rates as they try to reach an agreement with the Trump administration.

But it’s unclear how much President Trump wants to negotiate, and a White House trade advisor warned on Monday that even lowering tariffs to zero would not be enough to get the United States to back down.

How major trade partners are responding

Possible
retaliation
European Union European Union +20% $606 bil.

Getting ready to retaliate with wide-ranging levies this week, whilst officers additionally provide concessions and search to barter.

No retaliation Mexico Mexico +25% * $506 bil.

Faces 25 % tariffs on some imports, however was exempted from the newest spherical.

Retaliated China China +34% $439 bil.

Matched new tariffs by levying an additional 34 % obligation on U.S. imports.

Retaliated Canada Canada +25% * $413 bil.

Imposed retaliatory tariffs towards quite a lot of U.S. items because it faces duties on some Canadian items.

Making an attempt to
negotiate
Japan Japan +24% $148 bil.

Has few choices to retaliate, and depends upon U.S. army commitments.

Supplied
concessions
Vietnam Vietnam +46% $137 bil.

Supplied to scale back tariffs on U.S. imports to zero.

Making an attempt to
negotiate
South Korea South Korea +26% $132 bil.

Sending its commerce minister to Washington for talks.

Supplied
concessions
Taiwan Taiwan +32% $116 bil.

Providing zero tariffs as a place to begin for dialogue.

Supplied
concessions
India India +27% $87 bil.

Authorized just a few concessions in March, like lowering tariffs on bourbon, however has since been comparatively silent.

Making an attempt to
negotiate
United Kingdom United Kingdom +10% $68 bil.

Searching for discussions, whereas drawing up a listing of U.S. merchandise it may probably hit with retaliatory tariffs.

Making an attempt to
negotiate
Switzerland Switzerland +32% $63 bil.

“Switzerland can not comprehend” the tariff calculations, its president mentioned — however officers say they won’t retaliate.

Supplied
concessions
Thailand Thailand +37% $63 bil.

Supplied to extend imports of power, plane and farm merchandise from america

Making an attempt to
negotiate
Malaysia Malaysia +24% $53 bil.

Searching for engagement with america, whereas calling on Asian nations to prepare a collective response.

Making an attempt to
negotiate
Singapore Singapore +10% $43 bil.

Officers mentioned they might attempt to perceive U.S. areas of concern.

Making an attempt to
negotiate
Brazil Brazil +10% $42 bil.

Brazil’s president mentioned that the nation would attempt to attain an settlement however that it’s making ready potential retaliatory measures.

Supplied
concessions
Indonesia Indonesia +32% $28 bil.

Supplied to purchase extra U.S. merchandise resembling cotton, wheat, oil and gasoline.

Supplied
concessions
Israel Israel +17% $22 bil.

Israel had sought to avert the upper price by voiding duties on American merchandise — seemingly to no avail.

Making an attempt to
negotiate
Colombia Colombia +10% $18 bil.

Colombia’s president mentioned he would reply to tariffs provided that they harmed job creation within the nation.

Making an attempt to
negotiate
Turkey Turkey +10% $17 bil.

The commerce minister mentioned his nation hoped to get the extra tariff lifted.

Making an attempt to
negotiate
Australia Australia +10% $17 bil.

The tariffs have “no foundation in logic,” the prime minister mentioned. However he mentioned Australia wouldn’t retaliate.

Note: Goods from Canada and Mexico that fall under the U.S.M.C.A. trade pact — the agreement that replaced NAFTA — are not subject to the 25 percent tariffs.



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