Here’s how the world’s major economies have reacted to Trump’s sweeping new tariffs

Quick Summary:

Trump imposed a 34% tariff on its largest trading partner, China, along with 20% tariffs on EU exports and 25% tariffs on imports from South Korea.

Prime Minister Mark Carney warned the tariffs will "fundamentally change the global trading system".

Ajay Sahai, chief executive of the Federation of Indian Export Organisations told AFP the tariffs will "hurt demand" for its exports.

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Article Details

Author / Journalist: AFP

Category: EconomyBusiness

Markets: United StatesChinaIndiaSouth Korea

Topics: European Union Exports Imports Donald Trump LondonWires Tariffs and trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 08:51:04 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 739 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 185 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27560150

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Official Website: fortune.com

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