The Latest: US trade partners around the world react to Trump’s new tariffs

U S exchange partners reacted Friday to President Donald Trump s executive order that would introduce new tariffs on multiple of them in seven days as the global commercial sector and alliances face a fresh test from the president s commerce agenda Trump s order issued Thursday night came after a flurry of tariff-related activity in contemporary days as the White House stated agreements with various nations and blocs ahead of Trump s self-imposed Aug deadline Trump also explained Thursday he would extend deal negotiations with Mexico for days But the vast majority of nations are continuing to face uncertainty ahead of the coming deadline While a handful of agreement deals have trickled in multiple details remain hazy with businesses and manufacturers around the world bracing for heightened operating costs and promising price hikes Meanwhile Trump s overhaul of U S agreement approach hasn t gone unchallenged Appellate court judges have expressed broad skepticism around the president s legal rationale for his the majority expansive round of tariffs Here s the latest Switzerland hit with tariff and will try to negotiate The land of luxury watches pharmaceuticals and secretive financial services was reeling Friday Switzerland s National Day upon learning it had been slapped with a tariff although Trump had proposed a rate in April The Swiss regime stated functionaries will continue to seek a negotiated resolution The Federal Council notes with great regret that despite the progress made in bilateral talks and Switzerland s very constructive stance from the outset the US intends to impose unilateral additional tariffs on imports from Switzerland the authorities revealed in a post on X Trump orders a tariff for goods from Canada citing a lack of cooperation on illicit drugs Trump has raised the tariff rate on U S imports from Canada to from effective Friday The announcement from the White House late Thursday noted Canada had failed to do more to arrest seize detain or otherwise intercept drug trafficking organizations other drug or human traffickers criminals at large and illicit drugs Trump earlier had threatened to impose the higher tariff on Canada if no deal was reached by Friday his deadline for reaching exchange agreements with dozens of countries Canada was not included in Trump s updated list of tariff rates on other countries reported late Thursday Those import duties are due to take effect on Aug Malaysia hails key achievement in tariff rate Malaysia s Pact Ministry reported Friday that the U S tariff reduction from to was a substantial achievement as the deal was struck without compromising key national interests The rate roughly tracks the rate of other countries in the Southeast Asian region the ministry explained in a message Bulk importantly Malaysia had stood firm on various red line items and the tariff rate was achieved without compromising the nation s sovereign right to implement key policies to promotion the nation s socio-economic stability and progress The ministry mentioned that Malaysia s financial market remains resilient despite global headwinds citing strong domestic demand and ongoing structural reforms The report didn t give further details but functionaries previously mentioned non-tariff barricades such as halal certification which affects U S beef and poultry exports along with digital business and leadership procurement were sticky points It s unclear what concessions Malaysia made Cambodia will impose zero tariffs on all American goods Cambodia s Deputy Prime Minister Sun Chanthol who led his nation s bargain talks with the U S thanked Trump for setting the tariff rate on Cambodian goods at and explained his country will impose zero tariffs on all American goods When Washington originally posted its list of notional reciprocal tariffs the rate for goods from Cambodia was one of the highest in the world It had estimated that Cambodian tariffs on U S imports averaged Sun Chanthol also mentioned Cambodia would purchase traveler aircraft from Boeing in a deal they hoped to sign later this month Several other nations had already reported similar aircraft purchase deals as part of their exchange packages Trump had threatened to not conclude a deal with reduced tariffs if Cambodia and Thailand did not stop a latest armed conflict over demarcation territory The two nations agreed on a ceasefire beginning Tuesday that appears to be holding Cambodia publicly celebrated Trump s peace initiative suggesting he deserved a Nobel Prize for his intervention Sun Chanthol noted Friday that Cambodia would nominate him for the honor Australia s tariff rate is vindication of the country s cool and calm negotiations agreement minister says Australian Arrangement Minister Don Farrell says gaining the minimum U S tariff on exports including beef lamb wine and wheat gave Australia a competitive advantage over certain competitors Farrell reported reporters Australia did not introduce tariffs on U S goods at any point and added I haven t seen any occurrence or any example where the retaliatory imposition of tariffs has resulted in a country being in a better position Farrell argues that no U S tariffs can be justified because Australia imposes no tariffs on its bilateral free agreement partner The United States has enjoyed a transaction surplus with Australia for decades Australian Prime Minister Anthony Albanese has been criticized for failing to secure a face-to-face meeting with Trump to discuss pact Japan welcomes Trump s signing of the executive order as an ease in uncertainty Japanese Chief Cabinet Secretary Yoshimasa Hayashi welcomed Trump s signing of the executive order setting Japan s new reciprocal tariffs as a step that would reduce uncertainty of the U S bargain approach and its negative impact on the global economic system including that of Japan Hayashi however declared Japan still necessities to closely examine the measures and continue urging prompt implementation by the U S ruling body to carry out the agreement including reduction of tariffs on automobiles and auto parts Hayashi acknowledged that Japan s new tariff rate of is a major reduction from the initially imposed but his executive will continue to watch and mitigate its impact on Japanese exports including by providing financial assistance for small and medium-sized businesses New Zealand looks to lobby for lower tariff rates New Zealand authorities explained they would lobby the administration for a change to the tariff disclosed for the country s exporters to the U S It s an increase from the original baseline released for New Zealand in April We don t think this is a good thing We don t think it s warranted Exchange Minister Todd McClay explained Radio New Zealand Friday He stated New Zealand appeared to have been targeted for a larger levy because the country records a exchange deficit with the U S but that the gap of about half a billion dollars each year was not notable or meaningful Neighboring Australia dodged an increase to remain at but it records a arrangement surplus with the U S McClay added The United States in January overtook Australia to become New Zealand s second-largest export partner behind China New Zealand exports are largely made up of meat dairy wine and agricultural machinery Taiwan president says final tariff negotiations with US yet to come Taiwan President Lai Ching-te disclosed Taiwan had yet to engage in final negotiations with the U S owing to scheduling difficulties and that he was hopeful the final tariff rate would be reduced even further after a final round of talks The Trump administration hit Taiwan with tariffs and lowered it to on Thursday Taiwan was notified on Thursday by the administration of the lower rate Twenty percent from the beginning has not been our goal We hope that in further negotiations we will get a more beneficial and more reasonable tax rate he narrated reporters in Taipei on Friday Lai also linked contract talks to protection issues as the U S is Taiwan s largest ally even though it does not formally recognize the island We want to strengthen U S Taiwan cooperation in national precaution tech and multiple areas he reported Friday The U S is Taiwan s preponderance central export domain and strategic ally Lai disclosed in an earlier message Friday morning Cambodia prime minister thanks Trump for dropping tariff rate Cambodia Prime Minister Hun Manet expressed his thanks to Trump for the dropping of tariffs from to and he called the reduction good news for Cambodia Posted on his social media platform Hun Manet noted Trump had not only helped broker a ceasefire between Cambodia and Thailand forces after nearly a weeklong clash but also helped Cambodia s economic system by lowering tariffs This is good news for the people and business activity of Cambodia to continue emerging the country Hun Manet explained Thailand successfully negotiates lower tariff rates Thailand s ruling body spokesperson Jirayu Houngsub announced Thailand says the U S agreed to reduce the tariffs rate from to a rate similar to those imposed on a great number of other Southeast Asian countries such as Vietnam and the Philippines It s one of the major successes of Unit Thailand in a win-win approach to secure the country s export base and economic measure in a long run he disclosed in a comment He didn t this instant say what was the latest offer Thailand made to the U S The agreement came days after a ceasefire between Thailand and Cambodia to halt the nearly weeklong clashes that killed at least people It was brokered with U S pressure as Trump noted he would not move forward with arrangement agreements if the conflict continued Source