There were strong reactions to the decision of the US president.China resolutely rejects Trump’s action. For example, the Ministry of Foreign Affairs called the levy a serious violation of the rules of the World Trade Organization (WTO).
The Chinese therefore come with fierce countermeasures. As of 10 April, an import rate of 34 percent applies to all American goods. Just as with the previous countermeasures,it is not possible. China also imposes export restrictions for a whole list of rare earth metals. Many of these metals are used in the production process of high -tech products. Studies have also been announced against American companies. “
India hopes that production processes will shift from China to India.
Devi Boerema: “India hoped to be spared from import duties, because Trump and Modi have a good relationship and India is flexible compared to the US’s request to lower its own import tariffs.Such as, India did so for American whiskey, engines and solar cells.
If you look at the region, that’s not too bad. Because the US imposes higher levies,India can become more captivating to import textile and electronics. India is also one of the largest producers of generic medicines such as antibiotics. Half of the medicines that the country exports go to the US.
The country therefore sees opportunities. In Indian media, the hope is expressed that production processes will shift from China to India.
People are not talking about countermeasures now, India is currently busy with the US negotiating a trade treaty. The country does not want to jeopardize its negotiating position. “
View here how the American import duties have an impact on world trade:
Shock and disbelief in canada have given way to determination to hit back.
Simone Tukker: “On the enormous list of countries that President Trump proudly showed in the garden of the White House on Wednesday – remarkably enough – Canada. That does not mean that the neighboring country originates. Anything but even.
On the first day of Trump in the White House, he immediately opened the attack on the Canadians with the announcement of an input tax of 25 percent on all goods that go from Canada to the US. The energy market was also hit, for which an import levy of 10 percent applies.
It is indeed all necessary,says trump,as Canada would do too little to stop illegal migrants at the border. He also accuses Canada of negligence around the smuggling of Fentanyl and believes that trade with the country is “unfair”.
This has enormous consequences for Canada. The Canadian economy is closely linked to that of the US. No country in the world imports more things from the US than Canada. shock and disbelief have since given way to determination to hit back.
The country comes with its own import duties on American products. It also quotes trade relations with the European Union. A counter -reaction has also arisen among the Canadian population. For example, American products are removed by shopkeepers and consumers now buy massive products from Canadian soil. “
