Business
How China, Canada and Other Nations are Responding to Trump's Tariffs
For now, most world leaders are trying to bargain their way out of the sweeping new American tariffs. Just two of the 20 largest exporters to the United States have countered them with new tariffs of their own.
One was China, which said Friday that it would impose a 34 percent import tax on products coming from the United States. That prompted escalation from the Trump administration: Rescind the tax, it warned, or American tariffs on China would go up another 50 percent.
The other was Canada, which last month placed tariffs on a variety of U.S. goods. The European Union, while signalling that it would prefer to negotiate, is said to be working to finalize a list of U.S. goods that it would target.
Other economies — even large ones like Japan and South Korea — don’t have the same leverage, and many are offering concessions. Some are offering to lower their own tariff rates as they try to reach an agreement with the Trump administration.
But it’s unclear how much President Trump wants to negotiate, and a White House trade advisor warned on Monday that even lowering tariffs to zero would not be enough to get the United States to back down.
How major trade partners are responding
Preparing to retaliate with wide-ranging levies this week, even as officials also offer concessions and seek to negotiate.
Faces 25 percent tariffs on some imports, but was exempted from the latest round.
Matched new tariffs by levying an extra 34 percent duty on U.S. imports. Imposed retaliatory tariffs against a number of U.S. goods as it faces duties on some Canadian goods.
Has few options to retaliate, and depends on U.S. military commitments.
Offered to reduce tariffs on U.S. imports to zero.
Sending its trade minister to Washington for talks.
Offering zero tariffs as a starting point for discussion. Approved a few concessions in March, like reducing tariffs on bourbon, but has since been relatively silent.
Seeking discussions, while drawing up a list of U.S. products it could potentially hit with retaliatory tariffs.
“Switzerland cannot comprehend” the tariff calculations, its president said — but officials say they will not retaliate.
Offered to increase imports of energy, aircraft and farm products from the U.S.
Seeking engagement with the U.S., while calling on Asian nations to organize a collective response. Officials said they would try to understand U.S. areas of concern.
Its president said the coiuntry would try to reach an agreement, but is preparing possible retaliatory measures.
Offered to buy more U.S. products such as cotton, wheat, oil and gas.
Israel had sought to avert the higher rate by voiding duties on American products — seemingly to no avail.
Colombia’s president said he would respond to tariffs only if they harmed job creation in the country. The trade minister said his country hoped to get the additional tariff lifted.
The tariffs have “no basis in logic,” the prime minister said. But he said Australia would not retaliate.
Possible
retaliationEuropean Union European Union
+20%
$606 bil.
No retaliation
Mexico Mexico
+25% *
$506 bil.
Retaliated
China China
+34%
$439 bil.
Retaliated
Canada Canada
+25% *
$413 bil.
Japan Japan
+24%
$148 bil.
Offered
concessionsVietnam Vietnam
+46%
$137 bil.
South Korea South Korea
+26%
$132 bil.
Offered
concessionsTaiwan Taiwan
+32%
$116 bil.
Offered
concessionsIndia India
+27%
$87 bil.
United Kingdom United Kingdom
+10%
$68 bil.
Switzerland Switzerland
+32%
$63 bil.
Offered
concessionsThailand Thailand
+37%
$63 bil.
Malaysia Malaysia
+24%
$53 bil.
Singapore Singapore
+10%
$43 bil.
Brazil Brazil
+10%
$42 bil.
Offered
concessionsIndonesia Indonesia
+32%
$28 bil.
Offered
concessionsIsrael Israel
+17%
$22 bil.
Colombia Colombia
+10%
$18 bil.
Turkey Turkey
+10%
$17 bil.
Australia Australia
+10%
$17 bil.