Donald Trump (Social media)
International News: U.S. President Donald Trump’s announcement to impose new tariffs on several countries has created concern around the world. Many governments are now preparing to handle the possible impact on their economies.
In South Africa, the government is working on a special support package for businesses that will be hurt by the new 30% U.S. tariff. President Cyril Ramaphosa said they will continue to hold discussions with the U.S. to find a peaceful solution.
Thailand’s finance minister said the 19% tariff from the U.S. shows strong friendship between the two countries. Originally, the U.S. had announced a 36% tariff on Thailand, which was later reduced after talks.
Norway’s prime minister confirmed that officials are still negotiating with Washington about the newly imposed 15% tariff. Switzerland, on the other hand, was surprised when it received a 39% tariff, even though a 31% rate was proposed earlier. Swiss officials are working to reduce it through further talks.
Malaysia’s trade ministry called the drop in tariff from 25% to 19% a “positive step.”
Australia’s Trade Minister said that a 10% tariff shows that negotiations are working and both sides are willing to cooperate.
New Zealand’s government said it will speak to the U.S. about reducing the 15% tariff on its exports. Officials hope to get better terms for their exporters.
Taiwan’s president shared hope that ongoing talks will bring further cuts. The current 20% tariff is already lower than the 32% imposed earlier by Trump’s administration.
Japan’s top government spokesperson said the 15% tariff is a big relief, as the earlier rate was 25%. He welcomed the change and said it reflects strong cooperation between the two countries.
Cambodia's prime minister thanked Trump for lowering tariffs. The country responded by removing all tariffs on American products. In April, the U.S. had placed a 49% tariff on Cambodian goods.
Sri Lanka now faces a 20% tariff on exports to the U.S., which was 44% earlier. A top Sri Lankan official said that the new rate creates chances for investment and technology exchange in the future.
Bangladesh welcomed the new 20% tariff rate. Its national security advisor said the deal respects their national interests. The reduction is especially helpful for the garment industry, which supports millions of workers.
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