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(The Guardian) As Trump’s latest tariffs snap into effect, countries scramble to respond
More than 60 countries around the world are scrambling to respond to the latest wave of US tariffs announced by Donald Trump, which came into force on Thursday.
The Brazilian government said it was planning a state aid plan for companies affected. The president, Luiz Inácio Lula da Silva, said the duties were “unacceptable blackmail”.
Switzerland said it was seeking new talks with the US after a last-gasp mission to Washington by its president, Karin Keller-Sutter, failed to stop a 39% tariff blow that industry group Swissmem described as a “horror scenario”.
In a statement after an emergency meeting with Keller-Sutter, the Swiss cabinet said the tariffs would “place a substantial strain on Switzerland’s export-oriented economy”. “For the affected sectors, companies and their employees, this is an extraordinarily difficult situation,” Keller-Sutter told reporters.
Despite a last-minute reprieve from Trump for Lesotho with tariffs dropping from 50% to 15%, the impoverished African nation said it was already hurting.
Textile industry players in the country – which produces jeans and other garments for US companies including Levi and Walmart – said the uncertainty around tariffs over the past few months had already devastated the sector, with orders cancelled and jobs cut.
www.theguardian.com
More than 60 countries around the world are scrambling to respond to the latest wave of US tariffs announced by Donald Trump, which came into force on Thursday.
The Brazilian government said it was planning a state aid plan for companies affected. The president, Luiz Inácio Lula da Silva, said the duties were “unacceptable blackmail”.
Switzerland said it was seeking new talks with the US after a last-gasp mission to Washington by its president, Karin Keller-Sutter, failed to stop a 39% tariff blow that industry group Swissmem described as a “horror scenario”.
In a statement after an emergency meeting with Keller-Sutter, the Swiss cabinet said the tariffs would “place a substantial strain on Switzerland’s export-oriented economy”. “For the affected sectors, companies and their employees, this is an extraordinarily difficult situation,” Keller-Sutter told reporters.
Despite a last-minute reprieve from Trump for Lesotho with tariffs dropping from 50% to 15%, the impoverished African nation said it was already hurting.
Textile industry players in the country – which produces jeans and other garments for US companies including Levi and Walmart – said the uncertainty around tariffs over the past few months had already devastated the sector, with orders cancelled and jobs cut.
More than 60 countries scramble to respond to Trump’s latest tariffs
Industry representatives warn of job losses and say decision could be ‘nail in the coffin’ for those exporting to the US
www.theguardian.com
