World leaders have begun reacting after Donald Trump announced sweeping tariffs across the world.
Mr Tump announced a 10% trade tariff on all imports from the UK.
He said he would impose a 10% baseline tariff on all imports to the US and higher duties on some of the country’s biggest trading partners.
Speaking at a White House event entitled ‘Make America Wealthy Again’, the president held up a chart detailing the worst offenders, hitting at foreign “cheaters”.
These are some of the world leaders’ reactions.
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Irish Prime Minister Micheal Martin has said there is “no justification” for US tariffs.
“I deeply regret the US decision to impose 20% tariffs on imports from across the European Union,” the taoiseach added.
“We see no justification for this. More than €4.2bn worth of goods and services are traded between the EU and the US daily.
“Disrupting this deeply integrated relationship benefits no one. Tariffs drive inflation, hurt people on both sides of the Atlantic, and put jobs at risk.”
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Manfred Weber, the president of the largest party in the European Parliament, the EPP, said: “To our American friends, today isn’t liberation day – it’s resentment day. Donald Trump’s tariffs don’t defend fair trade; they attack it out of fear and hurt both sides of the Atlantic.
“Europe stands united, ready to defend its interests, and open to fair, firm talks.”
Europe correspondent
There will be a response from the European Union – the question is how soon, and how tough.
A symbolic reprisal is one choice – putting tariffs on classic American products such as Harley-Davidson motorbikes or bottles of bourbon.
That won’t damage the European economy, but it won’t make much of a difference, either.
There’s a reluctance to slap wide-ranging, indiscriminate tariffs simply because that would increase costs for many European manufacturers.
So something more targeted may look appealing and that could mean going after the tech giants – Facebook, Apple, Google, Amazon, for example.
Companies who have already had rows with EU regulators and are seen as being, to varying extents, close to the White House.
If Europe could specifically target Tesla, it probably would.
There are also those suggesting the EU should hold fire for the moment, confident that Trump’s tariffs will backfire and keen that the effects are visible.
One fear is that some of the cheap goods that were destined for US markets will now be diverted to Europe, flooding its market.
Another fear is how the Windsor Framework will be affected, now that there are different US tariffs on either side of the Irish border.
And finally there is that insult from the President, who called the European Union “pathetic”. A few minutes later, a senior EU diplomat sent me a message saying “the US is Brexiting the world, but you can’t stop the march of folly”.
Transatlantic relations are getting even icier.
Canadian Prime Minister Mark Carney said his country would fight tariffs with countermeasures.
“It’s essential to act with purpose and with force, and that’s what we will do,” he told reporters ahead of a cabinet meeting to discuss Canada’s response.
Australian Prime Minister Anthony Albanese said: “It is the American people who will pay the biggest price for these unjustified tariffs.
“This is why our government will not be seeking to impose reciprocal tariffs. We will not join a race to the bottom that leads to higher prices and slower growth.”
Italian Prime Minister Giorgia Meloni, seen as close ally of the US president, called the tariffs “wrong” and said they would not benefit the United States.
“We will do everything we can to work towards an agreement with the United States, with the goal of avoiding a trade war that would inevitably weaken the West in favour of other global players,” she said.
The Spanish Prime Minister Pedro Sanchez vowed to protect the country’s companies and workers and to “continue to be committed to an open world.”
His Swedish counterpart, Ulf Kristersson, said: “We don’t want growing trade barriers.
“We don’t want a trade war.
“We want to find our way back to a path of trade and cooperation together with the US, so that people in our countries can enjoy a better life.”
