World leaders from around the globe are responding to President Donald Trump’s new “Liberation Day” tariff measures. The reactions range from expressions of disappointment to threats of retaliation. On Wednesday, Trump announced that a baseline tariff of 10% would be imposed on imports, in addition to tariffs that will be levied on a reciprocal basis, depending on what tariffs each country applies on U.S. goods. The president believes these tariffs will boost foreign investment in the U.S. and stimulate growth in domestic jobs.

Though U.S. allies such as the EU, China, and Japan have expressed their frustration with the tariffs, they have not shown interest in initiating trade wars. Instead, they are advocating for negotiations with the U.S. for new trade agreements.

European Commission President Ursula von der Leyen dubbed the tariffs a “major blow to the world economy” and mentioned possible countermeasures, but did not specify what they would be.

China’s Foreign Ministry stated, according to the Associated Press (AP), “there are no winners in trade wars and tariff wars.” Beijing is also reportedly planning to take countermeasures. The relationship between the U.S. and China, already strained, will now face even higher tariffs, impacting China disproportionately with a 34% reciprocal tariff on top of the 10% baseline tariff imposed on all listed countries.

French President Macron calls for cooperation rather than confrontation in response to the tariffs, while Japanese Prime Minister Shigeru Ishiba notes the significant impact this will have on US-Japan relations and the global economy. Australian Prime Minister Anthony Albanese expressed a desire to negotiate the removal of tariffs to avoid a “race to the bottom” with “higher prices and slower growth.”

Canada and Mexico are temporarily exempt from these reciprocal tariffs but face higher tariffs on specific goods, with Canada also facing an increased energy tariff. Mexican President Claudia Sheinbaum plans to announce a “comprehensive program” in response, while Canadian Prime Minister Mark Carney vows to “fight these tariffs with countermeasures.”

UK Prime Minister Keir Starmer states that while he respects that Trump is acting on his mandate, “nothing is off the table,” and his government is working on a deal to ensure economic prosperity. Israeli Prime Minister Benjamin Netanyahu has announced Israel will preemptively lift all tariffs on U.S. goods, yet Trump still imposed a 17% tariff on Israel. Israeli Finance Minister Bezalel Smotrich is examining the economic implications and will meet with the Finance Ministry to discuss possible responses.

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Rachel Wolf, a breaking news writer for Fox News Digital and FOX Business, wrote this content.

Source: https://www.foxnews.com/world/some-countries-targeted-trump-tariffs-seek-negotiations-china-says-no-winners-trade-wars