The new definitions of the United States, announced by President Donald Trump as part of the “Liberation Day” measures, sparked a wave of reprisal measures between the main commercial partners.
Vietnam was severely exposed through the American move, as the Trump administration imposed a 46 % duty on a group of its exports.
Prime Minister Fam Minh Cennah said that the high rate was “not in a line” with the good relationship between the two countries and the work of the work squad to establish a quick response. “Keep calm and have proactive, timely and flexible measures to deal with the situation,” said instructions to his team, according to a government website mail.
The duty of 46 % comes as part of a series of “mutual” measures aimed at the countries that the Trump administration considers the worst criminals on the basis of barriers not imposed on American goods.
Senior economists see Naguin from Natsisce in Hong Kong, the new tax as “destroyed by Vietnam”. This measure is not only threatened with damaging the country’s economy, but also offers future foreign investment.
Bloomberg I mentioned The US tariff, imposed on the largest export market in Vietnam, can significantly undermine the ambitious goal of the country of strengthening economic growth to at least 8 % this year. However, Prime Minister Cennis confirmed that the goal of growth has been unchanged at the present time.
The VN index in Vietnam has closed 6.7 % less, which represents the largest decrease for one day since September 2001, with about 70 % of the shares on the Ho Chi Minh that reaches 7 % daily.
A note warned from Citi Research that the customs tariff may not only challenge the economic growth of Vietnam, but can “structurally affect Vietnam’s expectations of foreign direct investment” and discourage local confidence in the money market. The textile and clothing sector in Vietnam is among the most difficult blow.
Japan urges a policy change
The Trump administration announced on Wednesday in Washington that Japan will undergo a 24 % tariff on the plane starting next week. A few hours later, a 25 % tax entered all car imports.
Chijo Ishiba, a senior member of the Japanese government, He said“It is very disappointing that these measures have been taken despite our requests.” Ishiba added that if necessary, he will not hesitate to speak directly with President Trump to pressure in order to change politics.
The Yoji Muto Trade Minister indicated that Tokyo may need to consider its options if the American moves violate the rules of the World Trade Organization. Japanese Deputy Foreign Minister Takahero Funakuchi also protested the new definitions during a meeting with Joseph Young, the highest official at the American embassy in Tokyo.
Nomura Research Institute estimated The new definitions may reduce the annual growth rate of Japan by 0.59 percentage points. Takeshi Minami, chief economist at the Norinchukin Institute for Research, warned that the customs tariff can fly Japanese economic growth by about 0.5 percent or more points.
The European Union, the largest commercial partner of the United States, did not remain silent
In severe reprimand, European Commission President Ursula von der Lin declared Trump’s tariff as a “major blow to the global economy” in a video speech on Thursday.
The new Trump measures include a 20 % tariff on European Union imports that will enter April 9. Von der Layen stated that the European Union was preparing for more counter -measures to protect its interests and companies if negotiations failed.
The European Union has announced a set of counter -measures of 26 billion euros (28.1 billion dollars), which is expected to enter into force in mid -April.
There is also a conversation among European countries, including France, to use the arc tool in the mass (ACI), and its strongest commercial tool, to respond if the United States continues its aggressive position.
The European Union trade ministers are scheduled to meet on April 7 to discuss both American measures and the response of the bloc. Von Der Leyen emphasized that the negotiating solution is the preferred path and that the committee was working on a “term paper” that defines possible concessions to the United States.
German Chancellor Olaf Schools The name Trump’s most recent tariff, “an attack on a commercial system that created prosperity around the world” during a press conference on Thursday.
Schools stressed that if negotiations with the United States fail, the European Union will respond proportionally. He said: “The European Union has the most powerful internal market in the world with 450 million consumers, which gives us power to hold talks with the US government to avoid the trade war.”
The German Industries Union Urging The European Union for the Promotion of Alliances with the main commercial partners and coordinating a unified reaction. “For American consumers, this will be the day of inflation, not the day of liberation,” German Economy Minister Robert Habik added, highlighting the possible local impact in the United States.
“The European Union has the necessary tools to respond to [Trump’s tariffs]Of course, in this context, Europe will not be naive. We will always respond. “
Another sign of its willingness, Spanish Prime Minister Pedro Sanchez call Industry leaders on Thursday to present a plan for his government’s response, which confirms the European commitment to confront the effects of American measures.
Meanwhile, US Treasury Secretary, Scott Beesente, advised other countries not to take revenge, saying: “I will not try to take revenge. As long as you do not decrease, this is the supreme party to the number.”
The Thai government is preparing for the 36 % mutual tariff imposed by the United States.
Prime Minister Paetongtarn Shinawatra He said On Thursday that her country was ready to address the impact of the new tariff. She pointed out that the ministries of financing and trade will lead the efforts made to develop a strategy to help manufacturers and exporters to deal with the increasing costs.
The total number of Thailand’s trade surplus with the United States was 45 billion dollars last year. In response to the threat of customs tariffs, the Thai government has already adopted the waiting and vision approach and pledged to increase energy imports and food products in an attempt to reduce trade surplus.
Main exports such as electronics, semiconductor components, air conditioners, and rubber tires can be seen with great influence.
Independent analyst St. Tayater Satarthai, a member of the Monetary Policy Committee at Bank of Thailand, Described The situation as a “global commercial earthquake” will have an immediate negative impact on the economy and investment.
Thai and national currency shares have decreased to 36 %, reflecting concerns about the country’s growth prospects. With goods exports that reach nearly two-thirds of GDP in Thailand-520 billion dollars-economic uncertainty is dramatically.
Chairman of the Thai Chamber of Commerce Bouj Aramatonont Note“Do not panic because other countries also face a higher tariff. The United States will also have some impact from this because they are still unable to produce them to replace imports quickly enough.”
His comment reflects a wider concern that prolonged uncertainty can force companies around the world to stop and reassess their plans, which increases economic activity.
Australia no longer considers us a friend, while Brazil has passed a retaliatory bill
Australian Prime Minister Anthony Albaniz, speaking in Melbourne on Thursday, stated that the Trump tariff “has no basis in logic, and they contradict the basis of” the long diplomatic alliance between Australia and the United States. Albaniz said: “This is not a friend’s act.”
Brazil faced a 10 % tariff on its goods. The country approved a draft law for the same on Wednesday to allow it to take revenge on the customs tariff imposed on Brazilian exports by any country or commercial bloc.
The Brazilian Ministry of Foreign Affairs issued a statement saying: “The new procedure, such as the definitions that are already imposed on the steel, aluminum and cars sectors, violates the United States’ obligations towards the World Trade Organization and will affect all exports of Brazilian goods to the United States.”
President Luise Inosio Lula da Silva indicated that Brazil is considering the World Trade Organization’s attractiveness about the Trump hard tariff, indicating a willingness to use international legal channels to defend its national interests.
Colombia’s reaction came through a post on social media by President Gustavo Petro on Thursday.
Hoy El Neoliberalismo Queblclamaba Una Políica Librecambista en to El Globo Ha Muerto.
Quienes searran desde la oposición a esta edyología Extrema Deben Saaber Que Se Amarran A U Cadáver.
En el Tema Arencellario, Hemos Dicho Que No SE PUEDE Ena Una Actud …
– Gustavo Petro (Petrogustavo) April 2, 2025
In his message, he announced X, “Today, Neolia, which announced the free trade policy around the world, has died.” Petro added that the United States government now believes that raising the definitions of its imports can increase local production, wealth and employment, a step that he described as a big possible mistake.
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