Business War: ‘Major success’ or ‘factual disturbance’? Here is described how nations reacted to Trump’s new tariff
A new wave of tariffs imposed by US President Donald Trump has triggered a hurry of reactions from business partners worldwide.Friday’s announcement unveiled new or rapidly increased tariffs on dozens of countries, with rates ranging from 10% of basic tariffs to 41%. The comprehensive step has inspired a wide range of reactions, as each nation scrambles to protect its economic interests.The newly announced tariffs will be from August 7. Here’s how some have responded:
A “major success” for Thailand
Thailand described the outcome of his conversation with Washington as a diplomatic win, originally welcomed the 19% tariff rate instead of 36% threatening.Government spokesman Ziru Huangsab said in a statement, “This is the final deal, imports us at 19%, is a major success for Thailand.”“It represents a win-win approach to the aim of preserving Thailand’s export base and long-term economic stability.”The US freight trade deficit with Thailand rose to $ 45.6 billion in 2024, which was 11.7% from the previous year. The South East Asian nation has faced economic headwind since epidemic and recently demolished its 2025 development forecast between 2.3% to 3.3%.The tariff deal was followed by a five -day border clash, in a ceasefire brokerage between Thailand and Cambodia, Trump’s diplomatic participation came on heels shoes, killing more than 40 people and displaced 300,000.
Cambodia gets “best news”
Cambodian Prime Minister Hun Manet welcomed the 19% tariff deal with the US, which initially planned a 36% levy.He said, “It is the best news for the people of Cambodia and the economy to continue to develop the country,” he wrote on Facebook.Vikas follows the days of the deadly border conflict with Thailand, which stopped after the first US diplomatic intervention in the week.
Taiwan expects more cuts
Trump vowed to continue the conversation with Washington after putting a “temporary” 20% levy on his exports, which could be more than 32%.President Lai Ching-T said on Facebook, “The US has announced a temporary 20% tariff for Taiwan, an agreement with the possibility of further cuts.”“The government will continue to try for a proper tariff rate and will complete the final stages of the tariff dialogue.”Semiconductor Powerhouse Taiwan has seen increasing the demand for his AI-related chips, which makes the bulk of his business surplus with the US. About 60% of its exports to the US are information and communication technology products.In an attempt to soften the blow, Taipei increased investment in the US, imported more energy from American producers and increased high defense spending.Taiwan’s Vice President Hasiao B-Mahizing emphasized a mutual value in maintaining strong American-Taiwan trade relations.“The United States is actually a very important business partner for Taiwan,” said Hasiao.The US also needs Taiwan in supporting flexible supply chains, in support of manufacturing and some high end technologies.
Canada saw tariffs as ‘Tact-Less Turbulance’
Canada rapidly criticized the US step to increase the tariff from 25% to 35%. CNN reported that the decision placed in the White House Fact Sheet, citing “continuous inaction and vengeance of Canada”, will be effective from August 1.CEO Candes Linga, president of Canada’s Chamber of Commerce and CEO Candes Linga launched a sharp attack on the increased tariff.He said, “The White House Fact Sheet should be called a fact-less sheet, when it based on Canada to the business decisions based on the Phantenile Emergency,” she said.“More fact-less tariff disturbance does not carry forward North American economic security. Business-business-certainty in Canada and America requires certainty.”Leaing further praised Canadian PM Mark Carney, who refuses to participate in a deal, calls his approach “strong” and “future-focused”.More countries like Syria, Switzerland, Laos are expected to respond as a new time limit of August 7.
