How Asian countries have reacted to Trump’s new, rejigged tariffs
In Asia, leaders from Taiwan, Cambodia and Japan have reacted to the new tariff rates from U.S. President Donald Trump, with some expressing optimism over lower levy rates.
Some governments, like those of Japan and Thailand, had also promised support to help businesses cope with the impact of the tariffs.
Australia, which received the lowest tariff of 10%, saw its trade ministerreportedlyhailthis as a “vindication” for the government, adding that the country had conducted diplomacy with the U.S. in a “cool and calm” way.
Read more reactions to the Trump tariffs here.
— Lim Hui Jie, Sophie Kiderlin
New tariff regime
US President Donald Trump has updated tariff rates for a spate of countries, ramping up trade barriers with some of Washington’s closest trading allies.
Among those hit, Canada has been slapped with a 35%, while Switzerland’s rate is now 39%, while Taiwan faces a 20% duty. Trump had previously announced India would be hit with a 25% rate.
All of the newly unveiled tariff rates come into effect from Aug. 7.
Mexico has been granted a 90-day extension as negotiators continue trade talks.
— Michael Considine
About The Author
