The Latest: Key US trading partners and global officials react to Trump's new tariffs

The new tariffs announced Wednesday by U.S. President Donald Trump were met initially with measured reactions from key trading partners, highlighting the deficiency of appetite for a full-fledged commercialized war.

Trump presented the import taxes, which helium calls “reciprocal tariffs” and scope from 10% to 49%, successful the simplest terms: the U.S. would bash to its trading partners what helium said they had been doing to the U.S. for decades.

European Commission President Ursula von der Leyen said they are a “major stroke to the satellite economy,” portion a Japanese authoritative called them “extremely regrettable” and Korea's premier curate called for exigency measures to enactment industries affected by the tariffs. Asian markets tumbled successful Thursday greeting trading.

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Here's the latest:

EU person says tariffs are a large stroke to the satellite economy

European Commission President Ursula von der Leyen says the tariffs are a “major stroke to the satellite economy.”

“The consequences volition beryllium dire for millions of radical astir the globe,” von der Leyen said. Groceries, transport and medicines volition outgo more, she said, “And this is hurting, successful particular, the astir susceptible citizens.”

Von der Leyen acknowledged that the satellite trading strategy has “serious deficiencies” and said the EU was acceptable to negociate with the U.S.

Japan’s main furniture caput calls tariffs ‘extremely regrettable’

Japan’s main furniture caput has called the tariffs “extremely regrettable,” saying officials thought the state deserved an exemption, aft Trump slapped 24% further tariffs connected Japan.

Yoshimasa Hayashi connected Thursday besides questioned whether the tariffs are compatible with Japan-U.S. bilateral commercialized agreements and said the determination would apt interaction their economical ties, arsenic good arsenic the planetary system and multilateral commercialized system.

He said Japanese officials are continuing to negociate with Washington seeking an exemption. Asked if Japan would see retaliatory tariffs oregon record complaints with the World Trade Organization, Hayashi declined to comment.

Asian markets tumble pursuing Trump’s tariff announcement

Tokyo’s Nikkei 225 scale dipped much than 3.4%, portion the Kospi successful South Korea dropped 1.8%. In Australia, the S&P/ASX 200 besides sank 1.8%.

U.S. stocks whipped done different dizzying time earlier Trump’s unveiled the tariffs Wednesday. The S&P 500 roseate 0.7%, and the Dow gained 0.6%. The Nasdaq composite surged 0.9%.

Tesla swung from a crisp nonaccomplishment successful the greeting to a summation aboriginal successful the time to assistance propulsion the marketplace higher. Treasury yields besides veered from little to higher pursuing a better-than-expected study connected the occupation market.

▶ Read much astir markets’ absorption to the tariffs

House bulk whip praises Trump’s actions, including tariffs, during municipality hall

House Majority Whip Tom Emmer fielded mostly affable questions during an hourlong telephone municipality hallway with constituents successful Minnesota.

House Speaker Mike Johnson has encouraged Republican lawmakers to debar holding in-person municipality halls wherever they’d tally the hazard of hostile questioning and protesters.

Emmer extensively praised the actions that Trump has been taking successful his archetypal months backmost successful office, including the tariffs helium announced earlier Wednesday.

“How astir we springiness this feline immoderate grace portion helium tried to really bash what he’s been campaigning connected for years and his ngo to support American companies and workers?” Emmer said. “There’s inactive going to beryllium immoderate choppy waters, but erstwhile we travel retired the different side, it’s going to beryllium overmuch amended than it was beforehand, and surely overmuch amended than it was the past 4 years.”

South Korea premier curate calls for exigency measures to enactment industries affected by tariffs

South Korea’s acting person called for swift exigency measures to enactment the car manufacture and different businesses perchance affected by the Trump administration’s caller tariffs, pledging afloat authorities efforts to code what helium described arsenic a looming “global tariff war.”

During an exigency authorities meeting, Prime Minister Han Duck-soo besides instructed officials to enactment with concern groups to analyse the interaction of the U.S. tariff increases and actively prosecute successful negotiations with Washington to “minimize damage” to South Korea’s economy, the commercialized ministry said.

Han, serving arsenic South Korea’s acting person portion President Yoon Suk Yeol remains impeached implicit his December imposition of martial law, convened the gathering with commercialized and overseas argumentation officials aft Trump announced a 25% tariff connected South Korea.

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