Countries that are targeted by American dictatorial (ed. Mexico, Japan, South Korea, Canada, India, China and the European Union) are trying to negotiate to reduce the consequences of the White House in the last week before President Donald Trump organizes commercial “release day”.
The head of the European Union’s trade department Maros Sefsovic will meet tomorrow (15.3.2025) in the US with the Minister of Commerce Howard Lutnik and the trading representative Jameson Green. The storm of talks ahead of April 2 – the day Donald Trump will reveal the duties that offset the contributions to American products – shows the intense efforts of some of the largest US traders to convince Trump’s team that they will face their teammates.
Trump has said that duties will not only trade more fair, but will also boost US leverage in other diplomatic negotiations and generate huge revenue for the Treasury.
The prime minister of Ireland warned that Trump’s approach to duties is in danger of exposing EU divisions: for example, France has been in favor of a harsh approach, while Italy has expressed concern about any “eye” response.
In the meantime, the Indian government will seek an exception from Trump’s so -called mutual duties when an US delegation arrives tomorrow for talks on bilateral trade agreement. Brendan Leeds, a US Commercial Assistant for South and Central Asia, and a group of officials will visit India this week in the context of ongoing trade discussions, the US Embassy said in New Delhi in a statement Monday.
The process of identifying specific countries where a new tariff rate will be imposed has become more targeted in recent days and the threat of direct sectoral duties has been reduced, Bloomberg said on the weekend. There has been no final decision by the Trump government, which continues to weigh whether it will include sector duties in the April 2nd announcement, an official said (24.3.2025).
The shares, which had been lost in recent weeks due to trade concerns about the trade war, rose to Asia and Europe today, and the S&P 500 opened higher in the US trading.
A growing central bankers and finance ministers around the world is concerned that a world trade war will suspend economic growth and fuel inflation – a combination that would make it difficult to calibrate an effective interest rates.
Concessions
As the April 2nd deadline approaches, countries from Asia to Europe are trying to offer ways to lift policies that, as the US argues, are disadvantaged by US companies or giving China a lead in the race for technological superiority.
The UK government is considering reducing or even abolishing digital services tax before April 2. Meanwhile, Malaysia is planning stricter controls on the flow of Nvidia chips after the US demand to monitor advanced semiconductors who could potentially head to China, the Financial Times said, citing the Minister of Commerce.
Other nations where US bilateral relations are more tense, trying to mitigate the economic impact of a trade battle with the world’s largest economy. Canada Prime Minister Mark Carney has announced a storm of measures aimed at alleviating US duties, as well as “national building” reforms to boost trade and investment. One of them will temporarily allow businesses to postpone the payments of corporate income tax and excise taxes.
Trump’s attack on rules -based commercial class governing the world economy by World War II also adjusts geopolitical alliances, with some nations trying to offset their bets, given the new doubts about their long -term collaborations.
Spanish Prime Minister Pedro Sanchez will travel to China next month to meet with President Xi Jing, Bloombegr reports. Sanchez will also visit Vietnam, they said.
Ustr Greer is expected to make his first telephone contact with his Chinese counterpart this week, sources said.
Chinese Prime Minister Li Chiang said the country was prepared for “shock exceeding expectations” from the expected reinforcement of Trump’s trade barriers. Lee said at a gathering of global business leaders and Republican Senator Steve Daens who visited China at the start of China’s development forum in Beijing on Sunday that “volatility and uncertainty are on the rise”. “At the moment, I think it is even more important for each of our countries to open the markets more and for all our businesses to share their resources more,” Li said.