How are world economies reacting to Trump’s tariffs? • FRANCE 24 English

Donald Trump’s decision to impose sweeping tariffs in every corner of the globe sparked outrage and even protests like here in Brazil. The US president linked the 50% tariffs to the trial of former Brazilian President Jaer Bolsinaro. Those tariffs along with others across the planet are set to snap into effect on August 7th after several delays which according to Trump are meant to give countries time to negotiate. Wall Street traders have called it taco trade. That’s an acronym for Trump always chickens out in reference to Trump’s habit of threatening to impose tariffs and backing out at the last moment. Switzerland now has just a few days to negotiate a deal before it’s hit with 39% import duties. Canada says it’s optimistic it will reach an agreement to avoid 35% tariffs on its own exports. The conversations have been informative, constructive, and cordial. I would expect the prime minister um will have a conversation with the president over the next number of days. While Trump may have scored political victories with headline tariff figures, analysts say his erratic trade policy has already alienated traditional allies. He doesn’t like the leader, old or new, of Canada, Trudeau or Carney. And so he’s teaching him a lesson, Trump thinks, uh, by increasing those tariffs and making it difficult on the Canadian economy. That’s how our decisions are being made. And if it sounds insane to you, that’s because it is. Blanket tariffs may also slow the creation of manufacturing jobs by increasing the cost of imported materials such as steel, aluminium, and machinery. The latest economic indicators could also be a warning of things to come. Last Friday’s jobs report showed hiring had slowed in July, a sign the US economy could be heading into a recession.

US President Donald Trump once again postponed the implementation of his long-threatened taxes last week, instead announcing that dozens of economies will face new rates on August 7th.
#Trump #economy #tariffs

🔔 Subscribe to France 24 now: https://f24.my/YTen
🔴 LIVE – Watch FRANCE 24 English 24/7 here: https://f24.my/YTliveEN

🌍 Read the latest International News and Top Stories: https://www.france24.com/en/

Like us on Facebook: https://f24.my/FBen
Follow us on X: https://f24.my/Xen
Bluesky: https://f24.my/BSen and Threads: https://f24.my/THen
Browse the news in pictures on Instagram: https://f24.my/IGen
Discover our TikTok videos: https://f24.my/TKen
Get the latest top stories on Telegram: https://f24.my/TGen

22 comments

  2. Everyone’s pretending to be shocked, but it’s the same old game—raise tariffs, trigger reactions, call it strategy. Meanwhile, everyday people just get hit with higher prices and fewer options. Politics dressed up as patriotism, again.

  5. America is always slow in turning, 80% of Americans we're against entering the second world war, now trump meets the People's tariffs….. Time will tell the People's backlash

  9. How is world reacting? Trump disrespected but EU Korea and Japan bowed down. Russia and China slapped US back, India is next.

  11. It brings the rest of the world closer together. Canada might effectively join the European Union in all but name.

  12. Widespread and high-value trade tariff sanctions may temporarily benefit the United States, but in the long run they will trigger a global industrial depression and economic decline. Many industries will be unable to adapt and will go bankrupt and close down, which will be like a domino effect in China, and the supply to the United States will also be affected. The United States also charges extremely high taxes in its tariffs, which will cause inflation in the United States. Therefore, tariffs cannot be raised too high at once,

    and there should be annual periodic adjustments. This is beneficial to everyone. At least business owners should also maintain appropriate profits, so that all parties can win.

  14. Selfish and narcissistic, Donny seemed incapable of rational thinking. Just imagine the consequences of imposing tariffs on India and China. It's clear that oil and gas will become more expensive. Fuel prices will rise. Consequently, goods and services will become more expensive. Has he lost his mind over the Epstein files? We cannot follow a man who has lost his sanity.

  15. Nations of the world will move on and forge new trade bonds.
    While the USA commits self-immolation on the orders of the 'commander-in-chief'.

  16. Why ABC is not be specific about how much and what EU & US import from Russia the India govt has released an official statement from Indian ministry of external affairs & also a press release on these statistics – “ The EU -Russia trade of 67.5 billion includes energy minerals fertilisers machinery,EU imported 16.5mn tonnes of LNG in 2024, Then there is US that imports uranium,palladium,hexaflouride also fertilisers and chemicals .these are official figures – deal with facts EU – India will not become a US vassal like EU

  20. 😂😂 all this time they have been making out on the backs of US citizens and Americans! Now they’re mad that they have to pay the cost to be the boss?! I find that extremely evil and selfish!!

  22. French President Emanuel Macron is very popular in India. Hope he will figure out some xolution to the Trump menace.

Comments are closed.