{"id":110101,"date":"2025-08-01T11:16:08","date_gmt":"2025-08-01T11:16:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/110101\/"},"modified":"2025-08-01T11:16:08","modified_gmt":"2025-08-01T11:16:08","slug":"trumps-new-tariffs-prompt-mixed-reactions-from-global-trading-partners","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/110101\/","title":{"rendered":"Trump’s new tariffs prompt mixed reactions from global trading partners"},"content":{"rendered":"

BANGKOK (AP) \u2014 U.S. President Donald Trump\u2019s new tariff rates<\/a> of up to 41% on U.S. imports from dozens of countries drew expressions of relief Friday from some countries that negotiated a deal or managed to whittle them down from rates announced in April. Others expressed disappointment or frustration over running out of time after hitting Trump\u2019s Aug. 1 deadline for striking deals<\/a> with America\u2019s trading partners.<\/p>\n

The new rates are due to take effect on Aug. 7, but uncertainty over what Trump might do next remains. The way ahead for China, which runs the largest trade surplus with the U.S., is unclear after talks earlier this week in Stockholm produced no deal<\/a>. Trump has yet to say if he\u2019ll extend an Aug. 12 pause on painfully high import duties on Chinese products. <\/p>\n

The reaction from financial markets<\/a> was muted. Benchmarks fell in Asia, with South Korea\u2019s Kospi dropping nearly 4% after the tariff rate for the U.S. ally was set at 15%. The U.S. dollar weakened against the Japanese yen, trading at more than 150 yen per dollar. <\/p>\n

For Canada and Switzerland, regret and disappointment<\/p>\n

Canadian Prime Minister Mark Carney said his government was disappointed by Trump\u2019s move<\/a> to raise the U.S. tariff on goods from America\u2019s northern neighbor<\/a> to 35% from 25%, effective Friday. Goods transshipped from unspecified other countries face a 40% import duty. <\/p>\n

Trump cited what he said was a lack of cooperation in stemming trafficking in illicit drugs across the northern border. He also slammed Canada\u2019s plan to recognize a Palestinian state and has expressed frustration with a trade deficit largely fueled by U.S. oil purchases. <\/p>\n

\u201cCanada accounts for only 1% of U.S. fentanyl imports and has been working intensively to further reduce these volumes,\u201d Carney said in a statement. <\/p>\n

Many of Canada\u2019s exports to the U.S. are covered by the U.S.-Mexico-Canada Agreement and face no tariff. But steel, lumber, aluminum and autos have been subject to still higher tariffs. <\/p>\n

Switzerland was reeling after Trump ordered a 39% tariff rate for the land of luxury watches, pharmaceuticals and financial services. That was up from his original proposal of a 31% duty.<\/p>\n

\u201cThe Federal Council notes with great regret that, despite the progress made in bilateral talks and Switzerland\u2019s very constructive stance from the outset, the U.S. intends to impose unilateral additional tariffs on imports from Switzerland,\u201d the government said in a post on X. It said it would continue to seek a negotiated solution.<\/p>\n

Still working on it<\/p>\n

New Zealand officials said Friday they would keep lobbying Trump to cut the 15% tariff he announced for their country\u2019s exports to the U.S., up from the original 10% baseline set in April.<\/p>\n

\u201cWe don\u2019t think this is a good thing. We don\u2019t think it\u2019s warranted,\u201d Trade Minister Todd McClay told Radio New Zealand. The exporter of meat, dairy, wine and farm machinery ran a $1.1 billion trade surplus with the U.S. in 2024, according to U.S. Trade Representative data. <\/p>\n

McClay said New Zealand exporters had reported they could absorb a 10% tariff or pass it on to U.S. consumers through increased costs. A further increase would \u201cchange the equation,\u201d he said. <\/p>\n

Neither New Zealand nor its neighbor Australia have struck tariff deals with the Trump administration. Australian steel and aluminum exports have faced a steep 50% tariff since June.<\/p>\n

Australian Trade Minister Don Farrell said the 10% overall tariff on Australia\u2019s exports<\/a> to the United States was a vindication of his government\u2019s \u201ccool and calm negotiations.\u201d But he said even that level was not justified. The U.S. exports twice as much to Australia as it imports from its bilateral free trade partner, and Australia imposes no tariffs on U.S. exports. <\/p>\n

Objecting to a 15% tariff rate, Norwegian Prime Minister Jonas Gahr St\u00f8re told the newspaper VG the Scandinavian country should have \u201czero tariffs.\u201d He said talks were continuing.<\/p>\n

Japan watches, while Taiwan keeps trying for a deal<\/p>\n

Japanese Chief Cabinet Secretary Yoshimasa Hayashi was cautious in welcoming Trump\u2019s executive order setting Japan\u2019s tariff at 15% after the two sides worked out an agreement<\/a>, much to Tokyo\u2019s relief.<\/p>\n

\u201cWe believe it is necessary to carefully examine the details of the measure,\u201d Hayashi said. \u201cThe Japanese government will continue to urge the U.S. side to promptly implement measures to carry out the recent agreement, including reducing tariffs on automobiles and auto parts.\u201d<\/p>\n

Taiwan\u2019s President Lai Ching-te said the self-ruled island had yet to engage in final negotiations with the U.S. side owing to scheduling difficulties and that he was hopeful the final tariff rate would be reduced even further after a final round of talks.<\/p>\n

The Trump administration lowered its tariff for Taiwan to 20% from the originally proposed 32%. Taiwan is a key supplier of advanced semiconductors needed for many products and technologies. <\/p>\n

\u201c20% from the beginning has not been our goal, we hope that in further negotiations we will get a more beneficial and more reasonable tax rate,\u201d Lai told reporters in Taipei Friday.<\/p>\n

The U.S. is Taiwan\u2019s largest ally even though it does not formally recognize the island. \u201cWe want to strengthen U.S. Taiwan cooperation in national security, tech, and multiple areas,\u201d Lai said. <\/p>\n

For some trading partners, relief that tariffs are lower than they might be<\/p>\n

Cambodia\u2019s Deputy Prime Minister Sun Chanthol, who led his nation\u2019s trade talks with the United States, thanked Trump for setting the tariff rate on Cambodian goods at 19% and said his country will impose zero tariffs on American goods.<\/p>\n

The rate for Cambodia that Trump proposed in April was 49%, one of the highest in the world. He said the U.S. estimated average Cambodian tariffs on U.S. exports at 97%.<\/p>\n

Cambodia has agreed to up purchases of U.S. goods. Sun said it would purchase 10 passenger aircraft from Boeing in a deal they hoped to sign later this month. Several other nations had already announced similar aircraft purchase deals as part of their trade packages.<\/p>\n

Trump had threatened to withhold trade deals from Cambodia and Thailand if they didn\u2019t end an armed conflict over border territory. The two nations agreed on a ceasefire<\/a> that began Tuesday. <\/p>\n

Thailand also is subject to a 19% tariff, a rate that its Finance Minister Pichai Chunhavajira said \u201creflects the strong friendship and close partnership between Thailand and the United States.\u201d That was down from 36% proposed earlier. <\/p>\n

\u201cThe outcome of this negotiation signals that Thailand must accelerate its adaptation and move forward in building a stable and resilient economy, ready to face global challenges ahead,\u201d he said.<\/p>\n

Pakistan welcomed a trade deal that sets a 19% duty on its exports, lower than the initial plan for 29%, saying in a government statement that it was a \u201cbalanced and forward-looking approach\u201d that could boost trade and economic growth.<\/p>\n

For Bangladesh, a new 20% tariff warded off an earlier threat of a 35% import duty for the South Asian exporter of garments and other light manufactured goods. \u201cThat\u2019s good news for our apparel sector and the millions who depend on it,\u201d said Khalilur Rahman, the country\u2019s national security advisor and lead negotiator. <\/p>\n

\u201cWe\u2019ve also preserved our global competitiveness and opened up new opportunities to access the world\u2019s largest consumer market\u201d Rahman said. \u201cProtecting our apparel industry was a top priority, but we also focused our purchase commitments on U.S. agricultural products. This supports our food security goals and fosters goodwill with U.S. farming states.\u201d<\/p>\n

___<\/p>\n

AP journalists from around the world contributed to this report. <\/p>\n","protected":false},"excerpt":{"rendered":"BANGKOK (AP) \u2014 U.S. President Donald Trump\u2019s new tariff rates of up to 41% on U.S. imports from…\n","protected":false},"author":3,"featured_media":110102,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[13214,4740,46249,64,19446,18810,70080,69,439,57,2055,13790,17787,70079,18809,50,70078,80,16997,30723,16618,11843,17915,33946,70081,370,93,103,107],"class_list":{"0":"post-110101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-asia-pacific","9":"tag-australia","10":"tag-australia-government","11":"tag-business","12":"tag-cambodia","13":"tag-canada-government","14":"tag-don-farrell","15":"tag-donald-trump","16":"tag-financial-markets","17":"tag-general-news","18":"tag-government-and-politics","19":"tag-international-trade","20":"tag-japan-government","21":"tag-jonas-gahr-stre","22":"tag-mark-carney","23":"tag-news","24":"tag-norway-government","25":"tag-politics","26":"tag-switzerland","27":"tag-taiwan","28":"tag-tariffs-and-global-trade","29":"tag-thailand","30":"tag-thailand-government","31":"tag-the-boeing-co","32":"tag-todd-mcclay","33":"tag-united-states-government","34":"tag-washington-news","35":"tag-world","36":"tag-world-news"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/110101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=110101"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/110101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/110102"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=110101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=110101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=110101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}