South Korea, China and Japan
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Overview
South Korea's acting president Han Duck-soo ordered on April 3 an "all-out" response to the United States' higher-than-expected reciprocal tariffs on imports from the country.
From China Daily
China announced a 34% tariff on all products imported from the U.S. on Friday, escalating the trade war between the world’s two biggest economies.
From NBC News
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China, Trump and Tariff
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Impacts
Wall Street tumbled to its worst day since the pandemic yesterday in response to President Trump’s major round of tariffs on U.S. imports, as countries reeling from the blow weighed countermeasures.
From The New York Times
The sweeping new tariffs announced by President Donald Trump on Wednesday triggered a slump in global stock markets, with the US S&P 500 having its worst day since the impact of Covid in 2020.
From BBC
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With a snap election looming, South Korea's rival parties jockeyed for position with vows to focus on the economy and livelihood, but the leaderless country remains hamstrung when it comes to confronting the biggest threat: Trump and tariffs.
South Koreas acting President Han Duck-soo has ordered emergency support measures for industries affected by sweeping new U.S. tariffs, including a 25% tariff on Korean automobile exports. The move follows President
April 2, 2025: Trump's Tariff' Liberation Day": Trump announces sweeping tariffs on almost all countries at half the rate the administration claims they charge the U.S. Some Senate Republicans join Democrats in a vote designed to invalidate Trump's tariffs on Canada.
A 10 percent tariff will apply to all countries, but trading partners like China, Japan and Europe will face rates two and three times as high.
U.S. trading partners reacted from a range of relief to anger after President Donald Trump imposed tariffs on trading partners.