Xi Jinping

President of the People's Republic of China

Xi Jinping

President of the People's Republic of China

Global Trade Tensions Soar as Trump Unleashes New Tariffs on Major Economies

Permalink bbc.co.uk
Punitive or a gift? How five big economies see new Trump tariffs yahoo.com
Punitive or a gift? How five big economies see new Trump tariffs - Yahoo nytimes.com
What to Know About Trump's New Tariffs - The New York Times apnews.com
What to know about the Trump tariffs upending global trade and markets time.com
How the World's Reacting to Trump's Latest Tariffs | TIME
  • Thursday, 03 April 2025

New US trade tariffs have been condemned by the European Union and other key allies. The EU's chief Ursula von der Leyen said they would cause "dire" consequences for millions around the globe. In China, President Xi Jinping may see Trump’s tariffs as a gift, portraying his country as a champion of free trade. In Australia, officials are angry over the tariffs. In the UK, the 10% tariff on exports will have significant effects and is causing disruption. Asian economies are among the hardest hit, with Indian electronics exports potentially benefiting from higher tariffs on rivals like Vietnam. African countries, including South Africa, face new tariffs, which may affect existing economic ties.

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