Quotes
To our American friends, today isn’t liberation day — it’s resentment day. Donald Trump’s tariffs don’t defend fair trade; they attack it out of fear and hurt both sides of the Atlantic. Europe stands united, ready to defend its interests, and open to fair, firm talks.”
Manfred Weber, the president of the EPP, the European Parliament's largest party, said Wednesday
The so-called ‘reciprocal tariffs,’ based on the U.S.’s own subjective and unilateral assessments, violate international trade rules, severely harm the legitimate rights and interests of other parties, and represent a typical act of unilateral bullying,
the Chinese Commerce Ministry said in a statementMany trading partners have already voiced strong dissatisfaction and clear opposition,
it saidIt’s worsened the eurozone’s short-term outlook. Now, so much depends on European governments to push through with their planned fiscal stimulus and reforms to strengthen domestic economies,
it saidThere seems to be no order in the disorder, no clear path to the complexity and chaos that is being created as all U.S. trading partners are hit,
von der Leyen said
Let’s be clear-eyed about the immense consequences. The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism,
she said from Samarkand, Uzbekistan
Europe is ready to respond,
von der Leyen saidIt’s a project to show how Americans helped France,
he said
The US government now believes that by raising tariffs on its imports in general, it can increase its own production, wealth, and employment; in my opinion, this could be a big mistake,
he said
There is no winner in a trade war, and there is no way out for protectionism,
its commerce ministry saidThis will be a very big moment. I think you’re going to remember today,
Trump told Cabinet members and congressional leadersIn the coming days, there will be complaints from the globalists and the outsourcers, and special interests and the fake news,
Trump told his audience at the White House — and his supporters sitting at home
This is a huge tax on American families, all to help billionaires get a tax cut,
Democratic Senate Minority leader Chuck Schumer saidToday's IEEPA Order also contains modification authority, allowing President Trump to increase the tariff if trading partners retaliate or decrease the tariffs if trading partners take significant steps to remedy non-reciprocal trade arrangements and align with the United States on economic and national security matters."
The fact sheet further stated
The United States charges other countries only a 2.4 tariff on motorcycles. Meanwhile, Thailand and others are charging much higher prices like 60%, India charges 70%, Vietnam charges 75% and others are even higher than that."
At the Make America Wealthy Again Event, Trump saidPresident Trump will impose an individualized reciprocal higher tariff on the countries with which the United States has the largest trade deficits. All other countries will continue to be subject to the original 10% tariff baseline. This will take effect April 9, 2025 at 12:01 am EDT."
The fact sheet further statedThe costs of doing business with the United States will drastically increase,
she stressed
We will also be watching closely what indirect effects these tariffs could have. Because we cannot absorb global overcut capacity, nor will we accept dumping on our markets,
von der Leyen said, as the bloc braces for a flood of cheaper exports coming from China and elsewhere that are will be shut out of the U.S. marketMillions of citizens will face higher grocery bills. Medication will cost more, as well as transportation. Inflation will go up,
she saidWe are already finalising the first package of countermeasures in response to tariffs on steel,
she said in a statement read out in Samarkand, in Uzbekistan, on Thursday ahead of a EU-Central Asia partnership summit