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Sweeping Trump Tariffs Draw Global Dismay

The Statesman Bhubaneswar

|

April 04, 2025

'Nobody wins in a trade war, that is not in our national interest,' UK Prime Minister Kier Starmer has said

- ASSOCIATED PRESS

Sweeping new tariffs announced by American President Donald Trump provoked dismay, threats of countermeasures and urgent calls for talks to find ways to rescind the stiff new import taxes imposed on goods from countries around the globe. But responses Thursday were measured, highlighting a lack of appetite for an outright trade war with the world's biggest economy.

Trump said Wednesday the import taxes, ranging from 10 per cent to 49 per cent, would do to American trading partners what they have long done to the USA. He maintains they will draw factories and jobs back to the United States.

"Taxpayers have been ripped off for more than 50 years," he said. "But it is not going to happen anymore."

Trump's announcement of a new 20 per cent tariff on the European Union drew a sharp rebuke from European Commission President Ursula von der Leyen, who said it was a "major blow to the world economy."

"The consequences will be dire for millions of people around the globe," von der Leyen said.

Groceries, transport and medicines will cost more, she said while visiting Uzbekistan. "And this is hurting, in particular, the most vulnerable citizens."

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India and US renew defence partnership with10-yearpact

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Kejriwal's 'Sheesh Mahal' in Punjab grander than the Delhi one: Maliwal

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Ball is coming out nicely in whatever format I am playing, says Hazlewood

Australia pacer Josh Hazlewood said the ball has been coming out nicely out of his hand in whichever format he’s playing after being named Player of the Match for his incisive spell in the four-wicket win over India in the second T20I and taking a 1-0 lead in the five-match series at the Melbourne Cricket Ground on Friday.

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India poised for major global role: Goyal

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Dissident AIADMK leader Sengottaiyan expelled by EPS

A day after he dared the party leadership to remove him, dissident leader K A Sengottaiyan (Photo), who raised the banner of revolt for demanding the homecoming of expelled leaders V K Sasikala, T T V Dhinakaran, and O Panneerselvam, was axed from the AIADMK on Friday.

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‘NDA will get 54% votes’

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Dilip Ghosh set for key role as BJP prepares for Bengal Assembly polls

Former BJP state president Dilip Ghosh appears poised to play a major role in the party's campaign for the upcoming West Bengal Assembly elections, marking what many see as a significant political comeback.

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China’s Xi promises to protect free trade at APEC as Trump snubs major summit

Chinese leader Xi Jinping told Asia-Pacific leaders on Friday that his country would help to defend global free trade at an annual economic regional forum snubbed by US President Donald Trump.

time to read

1 mins

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