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

5 hours ago

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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% Prepare to take revenge with wide -ranging samples this week, even if officials also offer concessions and try to negotiate.
No retaliation	Mexico Mexico	+25%[->[–>*He faces the rates of 25 % on some imports, but has been exempted since the last round.
Sold	China China	+34%[!->[!–>It combines the new rates, enjoying an extra duty of 34 % on US imports.
Sold	Canada Canada	+25%[->[–>*The retaliation rates imposed against a number of US goods take place on some Canadian assets.
Try negotiate	Japan Japan	+24%[!->[!–>It has few options to take revenge and depends on the US military commitments.
Offered Concessions	Vietnam Vietnam	+46%[!->[!–>Offered to reduce the rates on US imports to zero.
Try negotiate	South Korea South Korea	+26%[!->[!–>Sending his commercial minister to Washington for interviews.
Offered Concessions	Taiwan Taiwan	+32%[!->[!–>Offer zero rates as a starting point for discussion.
Offered Concessions	India India	+27%[!->[!–>Approved some concessions in March, how to reduce the rates on the bourbon, but since then it has been relatively silent.
Try negotiate	United Kingdom United Kingdom	+10%[!->[!–>In search of discussions, while it processes a list of US products, it could potentially hit with retaliation.
Try negotiate	Swiss Swiss	+32%[!->[!–>“Switzerland cannot understand” tariff calculations, said its president, but officials say they will not sell each other.
Offered Concessions	Thailand Thailand	+37%[!->[!–>Offered to increase imports of energy, aircraft and agricultural products from the United States
Try negotiate	Malaysia Malaysia	+24%[!->[!–>In search of commitment with the United States, while asking the Asian nations to organize a collective response.
Try negotiate	Singapore Singapore	+10%[!->[!–>Officials said they would try to understand the US areas.
Try negotiate	Brazil Brazil	+10%[!->[!–>Its president said that the peiuntry would try to reach an agreement, but is preparing possible retaliation measures.
Offered Concessions	Indonesia Indonesia	+32%[!->[!–>Offered to buy multiple US products such as cotton, wheat, oil and gas.
Offered Concessions	Israel Israel	+17%[!->[!–>Israel had tried to avoid the highest rate by emptying duties on American products – apparently unnecessarily.
Try negotiate	Colombia Colombia	+10%[!->[!–>The president of Colombia said he would only respond to rates if they had damaged the creation of jobs in the country.
Try negotiate	Turkey Turkey	+10%[!->[!–>The Minister of Commerce said that his country hoped to raise the additional rate.
Try negotiate	Australia Australia	+10%[!->[!–>The rates have “no base in logic,” said the prime minister. But he said Australia would not take revenge.