"Trump tariffs: List of global responses and countermeasures"

From Reuters, April 3:

Governments around the world pledged counter measures on the U.S. after President Donald Trump unveiled on Wednesday a new baseline 10% tariff on goods from all countries plus reciprocal tariffs on those that his administration says have high barriers to U.S. imports.

Here is what some governments said about what they would - and would not - do in response.

 

EUROPEAN UNION
European Commission President Ursula von der Leyen said the EU is finalising a package of measures in response to U.S. tariffs on steel and is "now preparing for further countermeasures to protect our interests and our businesses if negotiations fail". Trump targeted the EU with a 20% reciprocal tariff.

EU trade commissioner Maros Sefcovic said he would talk to his U.S. counterparts on Friday and would devote "adequate" time to further negotiations on the tariffs. "But we won't stand idly by, should we be unable to reach a fair deal", he said.
 

CHINA
China's commerce ministry said Beijing "firmly opposes" the reciprocal tariffs and "will take countermeasures to safeguard its own rights and interests," after Trump imposed a 34% reciprocal tariff on the country.

JAPAN
Japanese Trade Minister Yoji Muto called the reciprocal tariffs "extremely regrettable" and said Tokyo would urge the U.S. to exempt Japan from tariff measures.

Japan would consider its response, he said, in a "bold and speedy manner." Tokyo faces a 24% reciprocal tariff.

GERMAN ECONOMY MINISTER ROBERT HABECK
"Donald Trump buckles under pressure, corrects his announcements under pressure, but the logical consequence is that he must also feel the pressure, and this pressure must now be exerted from Germany, from Europe."....

....MUCH MORE (but not all the 180 countries and two uninhabited Antarctic islands)

For some reason Habeck's comment reminds me of a haiku. From February 2008:

Asian Markets Fall Like Cherry Blossoms in Gentle Spring Rain

Auspicious update, below.

Stocks closed generally mournful and reflective.

Currency devaluation reflects silently on still and glassy water.

Traditional Japanese view of the cherry blossoms (sakura) with reflecting water and a shrine (the Jefferson Memorial) in Washington, D.C..

Invest in Kirin

Mindfulness overrated

Sensei insensate

The U.S. dollar index (DXY) is down 1.739 to 101.952. Who needs a Mar-a-Lago Accord?