RE: Trump7 Apr 2025 13:43
China: Beijing imposed a 34% tariff on U.S. goods and blacklisted 11 American companies, demanding the U.S. lift unilateral measures
European Union (EU): The EU is preparing countermeasures, including tariffs on American products such as dental floss, diamonds, and Harley Davidson motorcycles.
Canada: Prime Minister Mark Carney stated that Canada would "fight these tariffs with countermeasures" and act with purpose and force.
Japan: Trade Minister Yoji Muto expressed strong disappointment and mentioned that Japan would consider its response in a "bold and speedy manner."
Brazil: The government is evaluating all possible actions to ensure reciprocity in bilateral trade, including resorting to the World Trade Organization.
United Kingdom: Prime Minister Keir Starmer indicated that Britain would continue to work on a trade deal with the U.S. but noted that "nothing is off the table" for Britain's response.
Other countries, such as Australia, have criticized the tariffs but opted against immediate retaliation, seeking negotiation instead.
So immediate to short-term US Citizens are going to be impacted very swiftly.
When businesses (e.g., Walmart, Target) have to pay more for goods from abroad (China, Europe, etc.), they will pass those costs onto American consumers.
Industries that rely heavily on cheap imported parts (like car manufacturing, electronics, retail) will struggle with rising costs and so layoffs in sectors like manufacturing, farming and retail will be certain.
US Citizens pensions and investments (as here ) have already taken an absolute spanking.
The world is already getting ready to put the orange blob back in his box.
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