Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > World leaders react to Trump's tariffs
    Headlines

    World leaders react to Trump's tariffs

    World leaders react to Trump's tariffs

    Published by Global Banking and Finance Review

    Posted on April 2, 2025

    Featured image for article about Headlines

    (Reuters) -U.S. President Donald Trump said he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, drawing defiant responses from leaders and governments around the world.

    Trump is not imposing his new 10% global tariff rate on goods from top trading partners Canada and Mexico while his previous order remains in place for up to 25% tariffs on many goods from the two countries over border control and fentanyl trafficking issues, the White House said in a fact sheet.

    Here are some reactions from top officials and governments around the world:

    CANADIAN PRIME MINISTER MARK CARNEY

    "(Trump) has preserved a number of important elements of our relationship, the commercial relationship between Canada and the United States. But the fentanyl tariffs still remain in place, as do the tariffs for steel and aluminum."

    "We are going to fight these tariffs with countermeasures, we are going to protect our workers, and we are going to build the strongest economy in the G7."

    BRAZILIAN FOREIGN MINISTRY

    "The Brazilian government regrets the decision made by the North American government today, April 2, to impose additional tariffs of no more than 10% on all Brazilian exports to that country."

    "The Brazilian government is evaluating all possible actions to ensure reciprocity in bilateral trade, including resorting to the World Trade Organization, in defense of legitimate national interests."

    AUSTRALIAN PRIME MINISTER ANTHONY ALBANESE

    "The (Trump) administration's tariffs have no basis in logic and they go against the basis of our two nations' partnership. This is not the act of a friend. Today's decision will add to uncertainty in the global economy and it will push up costs for American households."

    SOUTH KOREAN ACTING PRESIDENT HAN DUCK-SOO

    "As the global trade war has become a reality, the government must pour all its capabilities to overcome the trade crisis."

    NEW ZEALAND TRADE MINISTER TODD MCCLAY

    "New Zealand's interests are best served in a world where trade flows freely ... New Zealand's bilateral relationship with the U.S. remains strong. We will be talking with the administration to get more information, and our exporters to better understand the impact this announcement will have."

    SPANISH PRIME MINISTER PEDRO SANCHEZ

    "Spain will protect its companies and workers and will continue to be committed to an open world."

    SWEDISH PRIME MINISTER ULF KRISTERSSON

    "We don't want growing trade barriers. We don't want a trade war ... We want to find our way back to a path of trade and cooperation together with the US, so that people in our countries can enjoy a better life."

    SWISS PRESIDENT KARIN KELLER-SUTTER

    "(The Federal Council) will quickly determine the next steps. The country's long-term economic interests are paramount. Adherence to international law and free trade remain core values."

    IRISH PRIME MINISTER MICHEAL MARTIN

    "The decision by the U.S. tonight to impose 20% tariffs on imports from across the European Union is deeply regrettable. I strongly believe that tariffs benefit no one. My priority, and that of the government, is to protect Irish jobs and the Irish economy."

    ITALIAN PRIME MINISTER GIORGIA MELONI

    "We will do everything we can to work towards an agreement with the United States, with the goal of avoiding a trade war that would inevitably weaken the West in favor of other global players."

    MANFRED WEBER, PRESIDENT OF THE EPP, LARGEST PARTY IN EUROPEAN PARLIAMENT

    "To our American friends, today isn't liberation day - it's resentment day. Donald Trump's tariffs don't defend fair trade; they attack it out of fear and hurt both sides of the Atlantic. Europe stands united, ready to defend its interests, and open to fair, firm talks."

    COLOMBIAN FOREIGN MINISTER LAURA SARABIA

    "We are looking at the measures, above all in order to protect national industry and our exporters."

    (Reporting by Reuters Newsrooms; Writing by Brendan O'Boyle, editing by Deepa Babington and Sonali Paul)

    Related Posts
    Thousands march in Hungary in protest over child abuse scandal
    Thousands march in Hungary in protest over child abuse scandal
    US says Belarus agreed to stop balloon flyovers into Lithuania
    US says Belarus agreed to stop balloon flyovers into Lithuania
    Ukraine says Russian drone attack hit civilian Turkish vessel
    Ukraine says Russian drone attack hit civilian Turkish vessel
    Tunisian opposition joins forces in protest against President Saied
    Tunisian opposition joins forces in protest against President Saied
    Two U.S. soldiers, one interpreter killed in Syria, Pentagon says
    Two U.S. soldiers, one interpreter killed in Syria, Pentagon says
    UK police not taking further action over Andrew bodyguard claim
    UK police not taking further action over Andrew bodyguard claim
    Who are the most prominent prisoners released by Belarusian president Lukashenko?
    Who are the most prominent prisoners released by Belarusian president Lukashenko?
    Soccer-Williamson's first game since Euro final a highlight of Arsenal win
    Soccer-Williamson's first game since Euro final a highlight of Arsenal win
    Maria Kalesnikava, hero of Belarus opposition, freed after more than 5 years
    Maria Kalesnikava, hero of Belarus opposition, freed after more than 5 years
    Israel says it kills senior Hamas commander Raed Saed in Gaza
    Israel says it kills senior Hamas commander Raed Saed in Gaza
    Israel suspends strike on southern Lebanon village after Lebanese army request
    Israel suspends strike on southern Lebanon village after Lebanese army request
    Belarusian opposition politician Maria Kalesnikava freed by authorities, report says
    Belarusian opposition politician Maria Kalesnikava freed by authorities, report says

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostRussian forces unleash hour-long drone barrage on Ukraine's Kharkiv
    Next Headlines PostFrench wine, spirits sales in US expected to fall 20% after tariff announcement

    More from Headlines

    Explore more articles in the Headlines category

    Spanish police bust gang that used helicopters to fly drugs from Morocco

    Spanish police bust gang that used helicopters to fly drugs from Morocco

    Lukashenko frees Nobel winner Bialiatski and key Belarus opposition figures in deal with US

    Lukashenko frees Nobel winner Bialiatski and key Belarus opposition figures in deal with US

    'Peace is not far away' says Erdogan, returning from Putin meeting

    'Peace is not far away' says Erdogan, returning from Putin meeting

    US and Ukraine to discuss ceasefire in Berlin before European summit

    US and Ukraine to discuss ceasefire in Berlin before European summit

    EU countries agree 2026 fishing quotas, avoid tighter Mediterranean curbs

    EU countries agree 2026 fishing quotas, avoid tighter Mediterranean curbs

    New Czech prime minister rejects guarantees for Ukraine loan

    New Czech prime minister rejects guarantees for Ukraine loan

    Libya's Red Castle museum opens for first time since fall of Gaddafi

    Libya's Red Castle museum opens for first time since fall of Gaddafi

    Ousted Nepal PM's party holds biggest rally since Gen Z protests

    Ousted Nepal PM's party holds biggest rally since Gen Z protests

    France boosts cattle vaccination against lumpy skin disease as farmers protest against culls

    France boosts cattle vaccination against lumpy skin disease as farmers protest against culls

    Rights groups condemn re-arrest of Nobel laureate Mohammadi in Iran

    Rights groups condemn re-arrest of Nobel laureate Mohammadi in Iran

    Ukraine's Odesa suffers major blackouts after Russian attack

    Ukraine's Odesa suffers major blackouts after Russian attack

    Two killed in Ukrainian drone strike on Russia's Saratov, regional governor says

    Two killed in Ukrainian drone strike on Russia's Saratov, regional governor says

    View All Headlines Posts