In a surprising turn of events, U.S. President Donald Trump's latest tariff letters have ignited frustration and firm pushback from key trading partners worldwide.
In Brussels, the European Union is racing to secure immediate relief from 50% steel tariffs, 25% auto levies and a looming 10% duty on other exports before the August 1 framework deadline. German Social Democrat Bernd Lange, head of the European Parliament's trade committee, says there's barely room to breathe: 'Our industrial development is at stake unless we get tariff relief and a stand-still clause to prevent new measures,' he warned.
In Seoul, the Republic of Korea hailed an effective extension of tariff pauses but stressed that time is running out. The Ministry of Trade, Industry and Energy said Seoul remains committed to a 'mutually beneficial' deal, tackling trade deficit concerns through smarter domestic rules and streamlined regulations.
Over in Tokyo, Prime Minister Shigeru Ishiba called Trump's 25% tariff on Japanese imports 'truly regrettable.' He affirmed ongoing dialogue with Washington to protect national interests and explore win-win solutions.
Meanwhile, the U.S. also set new tariffs on a dozen more economies, ranging from 25% for South Korea to 40% for Myanmar and Laos. As markets brace for impact, businesses and policymakers from the EU to Asia are gearing up for high-stakes talks that could reshape global supply chains.
With just weeks before the measures kick in, the world is watching whether diplomacy can defuse this next chapter of the trade war—or if reciprocal tariffs will escalate tensions further.
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'Not acceptable,' U.S. allies react to Trump's tariff letters
cgtn.com
