Sunday, 6 April 2025

Zelensky ‘like a crazy person’ – Carlson to US treasury secretary

Zelensky ‘like a crazy person’ – Carlson to US treasury secretary

Zelensky ‘like a crazy person’ – Carlson to US treasury secretary




Tucker Carlson. ©Getty Images






Ukrainian leader Vladimir Zelensky acted like “a crazy person” during talks over a mineral resource deal with the US, particularly given Washington’s assistance in keeping the Kiev afloat, American journalist Tucker Carlson has said.







Carlson made the remarks while interviewing US Treasury Secretary Scott Bessent, who claimed that Zelensky had on three separate occasions derailed the highly anticipated agreement, which would grant the US access to and control over Ukraine’s mineral resources.


Bessent recalled that the saga started in early February during his talks with Zelensky in Kiev, adding that the two had had a “spirited discussion” about the deal at the time, which would supposedly usher in a “long-term partnership” between the two countries. However, the Ukrainian leader refused to sign the agreement at that time.


Zelensky then promised to do so at the Munich Security Conference, but he failed to follow through; the signing ceremony was rescheduled to take place during Zelensky’s visit to Washington on February 28, Bessent continued.


“There was a lot of back-and-forth the following week… Then he got to the Oval Office and blew up what should have been the easiest thing to do in the world…” he said, recalling that everything was ready for the signing ceremony.


Bessent was referring to the quarrel between Zelensky and Donald Trump, during which the US president accused the Ukrainian leader of ingratitude over past military assistance and his reluctance to conclude a ceasefire with Russia.


At this point, Carlson voiced surprise over Zelensky’s behavior, calling him “an unelected president of a client state whose bureaucrats are being paid directly by American taxpayers.”


He added that he would not expect Zelensky – whom he called a “highly precarious position” – “to assume a high-handed tone with American officials, and berate them, and sniff a lot, and basically act like a crazy person.”


Bessent responded by describing Zelensky as “a performer, kind of a vaudevillian” who was “thrown into a fraught time” and had to rise to the occasion, but got “stuck.” According to the secretary, Zelensky is also likely not always getting the best advice from his team.


Still, Bessent signaled that the US expects a new round of talks with Ukraine within days, adding that “I’m hopeful we can get this thing signed and go back to a win-win situation.”


Last month, Bloomberg reported that the draft resource deal granted the US a “right of first offer” on Ukrainian infrastructure and resource projects, with local MP Yaroslav Zheleznyak calling the draft “horrifying.” Several senior officials in Kiev told the Financial Times that the agreement could undermine their nation’s sovereignty, divert profits abroad and increase the country’s dependence on Washington.
















Aksi Unjuk Rasa Besar- Besaran Anti-Trump Berlangsung di Seluruh Negara Bagian Amerika Serikat

Aksi Unjuk Rasa Besar- Besaran Anti-Trump Berlangsung di Seluruh Negara Bagian Amerika Serikat

Aksi Unjuk Rasa Besar- Besaran Anti-Trump Berlangsung di Seluruh Negara Bagian Amerika Serikat










Orang-orang yang menghadiri pawai tersebut meneriakkan yel-yel dan memegang poster yang menandakan penolakan mereka terhadap Presiden Trump dan pemotongan anggaran pemerintah federal yang dilakukan pemerintahannya.


“Hei hei, ho ho. Trump dan Musk harus pergi!” “Beginilah rupa demokrasi!” — “Tidak ada raja!” — “Tidak ada tiran!” — “Jangan ikut campur.” — “Jangan ikut campur.” — “Penelitian kita.” — “Penelitian kita.” “Rakyat, bersatu, tidak akan pernah terpecah belah.” [sorak-sorai] — “Siapa yang berkuasa?” — “Kita berkuasa!” “Jangan ikut campur!”







Puluhan ribu pengunjuk rasa berkumpul di kota-kota di seluruh negera bagian Amerika Serikat pada hari Sabtu untuk menyuarakan penolakan terhadap pemotongan anggaran pemerintah federal dan kebijakan-kebijakannya oleh pemerintahan Trump.


Dengan membawa poster-poster buatan sendiri dan meneriakkan "Jangan Campur Tangan," para pengunjuk rasa turun ke jalan dalam lebih dari 1.200 demonstrasi di seluruh negeri meskipun hujan turun di banyak kota, menurut penyelenggara.


Beberapa tokoh penting Demokrat, termasuk sejumlah anggota Kongres, bergabung dalam protes dan mendesak masyarakat untuk tidak menoleransi apa yang mereka sebut sebagai salah urus pemerintahan dan pelanggaran terhadap norma konstitusional.


"Para pendiri kami menulis Konstitusi yang tidak dimulai dengan 'Kami para diktator,'" kata Jamie Raskin, D-Md dari politisi partai Republik., kepada massa yang berkumpul di National Mall di Washington, D.C., tempat para penyelenggara mengatakan lebih dari 100.000 orang berkumpul.


Ia mengecam pemerintahan atas beberapa kebijakannya, termasuk penerapan tarif oleh Presiden Donald Trump di hampir setiap negara.








"Tarif mereka tidak hanya bodoh - tarif itu ilegal, tidak konstitusional, dan kami akan membalikkan keadaan ini," katanya.


Stan dan Cindy Prusik, yang menghadiri rapat umum di D.C., mengatakan kepada ABC News bahwa mereka khawatir tentang masa depan anak-anak dan cucu mereka beserta ekonomi.


"Saya tidak bisa tidur nyenyak. Saya takut," kata Cindy Prusik. "Kami punya uang yang kami tabung sepanjang hidup kami, uang pensiun kami -- tidak akan ada. Saya takut dengan apa yang akan terjadi dengan dunia, apalagi pasar Amerika. Saya kesal karena kami telah menjadikan negara-negara yang sebelumnya adalah teman kami sebagai musuh. Semuanya begitu tidak pasti."


"Kita memiliki anak perempuan -- kita harus melindungi anak perempuan kita dan cucu-cucu kita," tambah Stan Prusik.


Paul Osadebe, seorang pengacara untuk Departemen Perumahan dan Pembangunan Perkotaan, berbicara selama demonstrasi di Washington dan mengatakan bahwa ia telah diminta oleh pemerintahan Trump dan Departemen Efisiensi Pemerintahan milik Elon Musk untuk menerima tawaran pembelian.


Osadebe, seorang pengurus serikat pekerja di AFGE Lokal 476, mengatakan kepada massa bahwa para oligarki tidak "menghargai Anda atau hidup Anda atau komunitas Anda."


"Kami melihat bahwa mereka tidak peduli siapa yang harus mereka hancurkan atau siapa yang harus mereka sakiti untuk mendapatkan apa yang mereka inginkan," katanya.


Maxwell Frost, D-Fla dari Partai Republik., menggemakan pernyataannya dengan peringatan bahwa keadaan akan semakin buruk.


"Mereka ingin kita percaya bahwa jika kita memberi mereka semua kendali, semuanya akan baik-baik saja," katanya. "Namun, berita terbaru, mereka memegang kendali, dan lihatlah di mana kita berada sekarang: kesenjangan yang sangat besar di seluruh negeri."


Para demonstran berunjuk rasa menentang Presiden Donald Trump dan penasihatnya Elon Musk selama protes 'Hands Off!' di halaman Monumen Washington, di Washington, D.C., 5 April 2025.
Ken Cedeno/Reuters




"Pemerintah federal menganggap negara ini milik mereka dan mereka berada di atas hukum," kata penyelenggara aksi unjuk rasa Boston. "Mereka mengambil semua yang bisa mereka dapatkan hak kami, perawatan kesehatan kami, data kami, pekerjaan kami, layanan kami dan menantang dunia untuk menghentikan mereka."


Beberapa jajak pendapat menunjukkan tingkat persetujuan terhadap Presiden Trump sedikit menurun.


Satu jajak pendapat Reuters/Ipsos yang dirilis awal minggu ini menemukan bahwa tingkat persetujuannya telah turun menjadi 43%, titik terendah sejak Trump memulai masa jabatan keduanya pada bulan Januari. Ketika ia dilantik pada tanggal 20 Januari, tingkat persetujuannya adalah 47%.


Jajak pendapat yang sama menemukan bahwa 37% orang Amerika menyetujui penanganannya terhadap ekonomi, sementara 30% menyetujui strateginya untuk mengatasi biaya hidup di AS.


Jajak pendapat terbaru lainnya, dari Harvard Caps/Harris, menemukan bahwa 49% pemilih terdaftar menyetujui kinerja Trump saat menjabat, turun dari 52% bulan lalu. Namun, jajak pendapat yang sama menemukan bahwa 54% pemilih percaya bahwa ia melakukan pekerjaan yang lebih baik daripada yang dilakukan Joe Biden sebagai presiden.


Tidak ada laporan tentang gangguan besar atau penangkapan dalam demonstrasi tersebut.


Gedung Putih belum memberikan komentar langsung tentang peristiwa tersebut.































Saturday, 5 April 2025

Lembaga Pajak AS PHK 20000 karyawan dan menutup kantor Hak Sipil — Imbas Tarif Trump

Lembaga Pajak AS PHK 20000 karyawan dan menutup kantor Hak Sipil — Imbas Tarif Trump

Lembaga Pajak AS PHK 20000 karyawan dan menutup kantor Hak Sipil — Imbas Tarif Trump




Kantor pusat Internal Revenue Service di Washington. (Stefani Reynolds/Bloomberg)






Lembaga pajak Amerika Serikat, Internal Revenue Service, berencana untuk menghilangkan 20.000 pekerjaan — hampir seperempat dari tenaga kerjanya — dalam PHK yang dimulai hari Jumat, sebagai bagian dari upaya pemangkasan biaya pemerintahan Trump, menurut catatan yang diperoleh oleh The Washington Post dan orang-orang yang mengetahui rencana tersebut.







Lembaga tersebut mengatakan akan menghilangkan Kantor Hak Sipil dan Kepatuhan, memecat sekitar 130 karyawan dari divisi yang bertanggung jawab untuk melindungi pembayar pajak dari diskriminasi dalam kode pajak, audit, dan investigasi. Karyawan yang tersisa di sana akan dipindahkan ke departemen lain.


Pengurangan tenaga kerja tersebut sudah diperkirakan dan terjadi karena lembaga tersebut telah kehilangan beberapa eksekutif dan ribuan karyawan, termasuk agen yang mengaudit pengembalian pajak, selama musim pajak. Ini juga merupakan bagian dari rencana yang lebih luas dari tim pemotongan biaya Presiden Donald Trump dan Elon Musk, Layanan DOGE AS, untuk mengecilkan pemerintah federal.


"Tindakan ini diambil untuk meningkatkan efisiensi dan efektivitas IRS," kata email yang dikirim kepada karyawan.


Juru bicara Departemen Keuangan Amerika Swrikat mengatakan pemotongan tersebut "akan menjadi bagian dari — dan didorong oleh — perbaikan proses dan inovasi teknologi yang akan memungkinkan IRS mengumpulkan pendapatan dan melayani pembayar pajak dengan lebih efektif." Departemen tersebut sebelumnya mengatakan kebijakannya adalah tidak mencantumkan nama pada pernyataan juru bicara.


IRS tidak segera menanggapi permintaan komentar.


Perampingan tersebut telah menimbulkan kekhawatiran di kalangan pejabat pajak bahwa pemerintah dapat melihat penurunan tajam dalam pendapatan pajak tahun ini karena para penipu pajak melihat peluang untuk memanfaatkan berkurangnya IRS.


Pejabat Departemen Keuangan dan IRS bulan lalu memproyeksikan bahwa penerimaan pajak akan menunjukkan penurunan lebih dari 10 persen pada batas waktu pengajuan 15 April, dibandingkan dengan periode yang sama pada tahun 2024, The Post melaporkan. Itu akan berjumlah lebih dari $500 miliar dalam pendapatan federal yang hilang.


Lebih dari 4.000 karyawan menerima tawaran pengunduran diri yang ditangguhkan awal tahun ini. Sebanyak 7.000 karyawan percobaan tambahan — mereka yang umumnya bekerja di lembaga tersebut kurang dari setahun — diberhentikan pada bulan Februari, meskipun mereka dipekerjakan kembali berdasarkan perintah pengadilan. Setidaknya beberapa dari karyawan tersebut telah diberi tahu bahwa mereka diharapkan untuk kembali bekerja pada tanggal 14 April, menurut email yang dilihat oleh The Post.


Tidak jelas apakah pengurangan tenaga kerja yang diharapkan mencakup karyawan yang menjadi sasaran awal tahun ini. IRS mempekerjakan sekitar 100.000 orang pada bulan Januari.


Sekitar 50 orang yang bekerja di bidang keamanan siber dan TI dipecat minggu lalu, menurut dua orang yang mengetahui PHK tersebut. Sebuah kantor yang mengawasi upaya modernisasi lembaga tersebut telah ditutup, dan penjabat komisaris, kepala sumber daya manusia, penjabat penasihat umum, dan beberapa deputi tinggi lainnya telah mengundurkan diri atau diturunkan jabatannya.


Pemutusan hubungan kerja dan perekrutan kembali telah mengganggu dan telah memberikan "dampak yang menghancurkan pada moral," kata Duncan Giles, presiden cabang Indiana dari serikat pekerja IRS. Para pekerja terus-menerus "khawatir tentang 'Baiklah, apakah saya akan mendapatkan pekerjaan hari ini, besok, minggu depan?'" katanya.





















Sweet Victory is Sweet Seventeen - Timnas Indonesia U17 1 vs Korsel 0 Piala Asia

Sweet Victory is Sweet Seventeen - Timnas Indonesia U17 1 vs Korsel 0 Piala Asia

Sweet Victory is Sweet Seventeen - Timnas Indonesia U17 1 vs Korsel 0 Piala Asia




Duel Timnas Korea Selatan U-17 vs Timnas Indonesia U-17 di Piala Asia U-17 2025.
©Dok. PSSI






Piala Asia U17 2025 menjadi awal Sweet Victpry is Sweet Seventeen bagi Timnas Indonesia U-17. Timnas Indonesia dengan gemilang mengalahkan Korea Selatan dengan skor 1-0. Gol dicetak Evandra Florasta di injury time, hadiah dari tendangan pinalti.







Laga Timnas Indonesia vs Korea Selatan tersaji di pertandingan perdana Grup C Piala Asia U-17 2025. Duel berlangsung di Stadion Prince Abdullah Al Faisal, Jeddah, hari Jumat, 04/04/2025, malam WIB.


Pada babak pertama, Korsel lebih banyak menguasai bola dan menyerang. Kim Yegeon memberikan ancaman serius kepada Indonesia pada menit ke-11 saat tendangan kaki kirinya digagalkan oleh mistar gawang.


Tiga menit kemudian, Indonesia membalas serangan Korsel dengan peluang satu lawan satu yang didapatkan Mierza Fijatullah. Namun striker bernomor punggung 9 itu ragu-ragu dalam mengeksekusi bola sehingga peluang emas itu terbuang sia-sia.


Pada 15 menit terakhir, gawang Indonesia masih belum lepas dari gelombang serangan Taeguk Warriors Muda. Kesalahan antisipasi bola Putu Panji membuat Jung Heejung mendapatkan bola muntah. Heejung menendang bola dengan keras, namun masih menyamping.


Lima menit setelahnya, Yegeon memberikan ancamannya lagi dengan tendangan kaki kirinya yang menyamping di sisi kiri gawang setelah diblok oleh Putu Panji.


Pada menit ke-45, Yegeon menunjukkan bahwa dirinya menjadi pemain berbahaya. Setelah berkali-kali mengancam lewat tembakannya, kali ini pemain bernomor 10 itu memberikan umpan kunci di mulut gawang kepada Lim Yechan yang masih tak menemui sasaran. Skor babak pertama berakhir dengan 0-0.


Korea Selatan dominan di babak pertama dengan 9 shots (2 on target). Namun, Indonesia mampu menahan imbang tanpa gol hingga masa jeda.


Memasuki babak kedua Korsel terlihat kesulitan menembus barisan pertahanan Garuda Asia yang dikawal Putu Panji dkk dengan laga memasuki satu jam pertandingan.


Dafa kemudian harus melakukan penyelamatan rendah ke gawangnya dari tembakan luar kotak penalti Jin Geonyoung. Gawang Garuda Asia pun bisa selamat setelah umpan silang Kim Jisung mengenai mistar sebelum tembakan Jang Woosik dari jarak dekat masih mengenai net samping pada menit ke-70.


Timnas U17 kemudian mendapatkan tendangan penjuru pertama laga pada menit ke-74 walau eksekusi peluang masih mendarat langsung ke tangan kiper lawan.


Kemelut akibat lemparan ke dalam tersebut membuahkan penalti setelah bola mengenai salah satu pemain bertahan lawan dari jarak dekat.


Evandra Florasta maju untuk mengeksekusi tembakan dan mencetak gol setelah tembakan awalnya sempat ditepis kiper.


Ia menyambar bola muntah untuk menjebol gawang Korsel.


Garuda Asia pun bertahan sampai akhir dan mengamankan tiga poin penting dari laga perdana ini.


Timnas Indonesia U-17 kalahkan Korea Selatan di Piala Asia. (Foto: Dokumen PSSI)





Susunan Pemain



Indonesia U-17: Dafa Al Gasemi, Muhammad Al Gazani, Fabio Azkairawan, Daniel Alfrido, Mathew Baker, I Putu Apriawan; Evandra Florasta, Muhamad Zahaby Gholy, Nazriel Alfaro Syahdan; Fadly Alberto Hengga, Mochamad Mierza Fijatullah.


Korea Selatan U-17: Park Dohun; Kim Minichan, So Yoonwoo, Lim Yechan, Koo Hyeonbin; Park Byeongchan, Kim Yegeon, Kim Jihyuk, Oh Haram, Jon Geonyoung; Jung Heejung.





















Friday, 4 April 2025

China strikes back at Trump with own tariffs, with 34% tax on US goods and export curbs

China strikes back at Trump with own tariffs, with 34% tax on US goods and export curbs

China strikes back at Trump with own tariffs, with 34% tax on US goods and export curbs




Shoppers in Shenzhen, China, on Thursday.
Getty Images






China has announced a slew of countermeasures against tariffs imposed by United States President Donald Trump, including additional tariffs of 34 percent on all goods and curbs on the export of some rare earths, deepening an escalating trade war.







Trump on Wednesday announced that China would be hit with a 34-percent tariff, on top of the 20 percent he imposed earlier this year, bringing the total new levies to 54 percent.


China on Friday struck back at the U.S tariffs imposed by President Donald Trump with a slew of countermeasures including extra levies of 34% on all U.S. goods and export curbs on some rare earths, deepening the trade war between the world's two biggest economies.


Beijing also imposed restrictions on about 30 U.S. organisations, mostly in defence-related industries, adding to the already two dozen U.S companies punished over Trump's tariffs.


Beijing's sweeping retaliation comes after Trump slapped the world's No. 2 economy with additional 34% tariffs on Chinese goods, bringing the total new levies this year to 54%. Trump also closed a trade loophole that had allowed low-value packages from China to enter the U.S duty-free.


"The U.S move is not in line with international trade rules, seriously undermines China's legitimate and lawful rights and interests, and is a typical unilateral bullying practice," China's finance ministry said.


China called the new round of U.S tariffs a "blatant" violation of World Trade Organization rules and have requested consultations at the WTO.


Trump accused China of panicking in a comment on Truth Social.


"China played it wrong, they panicked - the one thing they cannot afford to do!", he wrote on Friday.



MATCHING DUTIES



China's finance ministry matched U.S. duties with additional tariffs of 34% on all U.S. goods from April 10, on top of the 10%-15% tariffs it imposed on some U.S. agriculture goods in March and 10%-15% tariffs on some energy and farming machinery in February.


Agricultural trade took a deeper hit as Chinese customs imposed an immediate suspension on imports of U.S. sorghum from C&D (USA) INC, as well as inbound shipments of poultry and bone meal from three U.S. firms.


China's biggest imports from the U.S. are soybeans, oilseeds and grains, amounting to $13.4 billion in 2024, as well as $14.7 billion of various fuels and $15.3 billion of electrical machinery, according to U.S. trade data.


"With 34% tariff it will not be possible for U.S. agricultural products to enter China. It is an opportunity for other exporters like Brazil and Australia to increase their market share in China," said Ole Houe, director of advisory services at IKON Commodities in Sydney.



RARE-EARTH CURBS



"As the old Chinese saying goes: 'Courtesy demands reciprocity'," said Guo Jiakun, a spokesperson at the Chinese foreign ministry, in a post on Facebook after the announcement of the Chinese countermeasures.


Beijing also announced controls on exports of medium and heavy rare-earths including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium to the United States, effective April 4.


It added 16 U.S. entities to its export control list, which prohibits exports of dual-use items to the affected firms. The affected include 15 companies in industries including defence and aerospace, as well as non-profit group Coalition For A Prosperous America, which in the past had advocated for the Trump administration to decouple the U.S. economy from China.


Another 11 U.S. entities were added to the "unreliable entity" list, which allows Beijing to take punitive actions against foreign entities. The targeted firms include Skydio Inc. and BRINC Drones over arms sales to democratically governed Taiwan, which China claims as part of its territory.


It also launched an anti-dumping probe into imports of certain medical CT tubes from the U.S. and India, as well as an investigation into Dupont China Group, a subsidiary of the U.S. firm DuPont (DD.N), opens new tab, for alleged violation of China's anti-monopoly law.


"The application of the export controls on these key materials plus some of these additions to the unreliable entity list reflects China's growing tool-kit to retaliate in trade wars," said the Mercator Institute for China Studies' lead analyst for the economy Jacob Gunter.


The Chinese yuan has dropped to its lowest level in seven weeks and stock markets slumped on Thursday after Trump unveiled his reciprocal tariffs that were particularly heavy on China.


Trump has ordered the U.S. Trade Representative to determine whether China was living up to its commitments under the 2020 "phase 1" U.S.-China trade agreement by April 1.


The deal required China to increase purchases of U.S exports by $200 billion over a two-year period, but Beijing failed to meet its targets when the COVID-19 pandemic struck.


China bought $154 billion in U.S goods in 2017, before the trade war began, Chinese customs data shows, and that figure rose to $164 billion last year.


"I used to buy some American products, but if the price increases I might buy less," said Huang Zhe, 24, who works in China's luxury sector.



How P.M Japan is reacting



In Japan, a top US trading partner, Prime Minister Shigeru Ishiba said the tariffs had created a “national crisis”, as a plunge in banking shares on Friday set Tokyo’s stock market on course for its worst week in years. European shares were also headed for the biggest weekly loss in three years.


But US Secretary of State Marco Rubio on Friday disputed any economic crash, telling reporters that markets were reacting to the change and would adjust.


“Their economies are not crashing. Their markets are reacting to a dramatic change in the global order in terms of trade,” he said at a media conference in Brussels. “The markets will adjust.”





















Trump’s tariffs will turn EU economy into ‘decaying corpse’ – Medvedev

Trump’s tariffs will turn EU economy into ‘decaying corpse’ – Medvedev

Trump’s tariffs will turn EU economy into ‘decaying corpse’ – Medvedev




FILE PHOTO: Deputy Chairman of the Russian Security Council Dmitry Medvedev.
©Sputnik/Ekaterina Shtukina






The US imposition of “reciprocal” tariffs on EU exports has doomed the bloc’s economy, former Russian President Dmitry Medvedev has said.







This week, US President Donald Trump announced sweeping tariffs in an attempt to improve America’s balance of trade, accusing the country’s economic partners of exploiting access to its consumer market through protectionist policies and currency manipulation.


Medvedev, now deputy chairman of the Russian Security Council, remarked on Thursday that while the move seriously disrupts global commerce, Russia will be largely unaffected, as its trade with the US is virtually nonexistent.


The expression, which advises patient inaction, has been attributed by Western authors, including Umberto Eco, to various Eastern sources and may be a misinterpretation of a remark by Chinese philosopher Confucius, which does not mention dead bodies.


Outgoing German Economy Minister Robert Habeck has compared the potential impact to the escalation of the Ukraine conflict in 2022. Then too, “something new was happening, and we were not prepared in Europe to cope with the challenge,” he said during a press conference on Thursday.


Many other European politicians and media outlets have described the economic fallout from the tariffs as disastrous for member states. Washington, however, has warned that any retaliatory steps would be met with further measures.


Medvedev has previously called out Brussels for being incompetent and irrationally hostile toward Russia. In an effort to punish Moscow over the Ukraine conflict, Brussels has sought to cut off energy imports from the country entirely. The economic bloc has also imposed sweeping sanctions, significantly reducing direct trade.


Critics of the policy, including Hungarian Prime Minister Viktor Orban and his Slovak counterpart, Robert Fico, argue that it has led to a dramatic decline in the competitiveness of EU products, inflicting substantial economic damage.



Canada and the EU swiftly retaliate against Trump’s steel and aluminum tariffs



Major trade partners swiftly hit back at President Donald Trump’s increased tariffs on aluminum and steel imports, imposing stiff new taxes on U.S products from textiles and water heaters to beef and bourbon.


Canada, the largest supplier of steel and aluminum to the U.S., said Wednesday it will place 25% reciprocal tariffs on steel products and also raise taxes on a host of items: tools, computers and servers, display monitors, sports equipment, and cast-iron products.


Across the Atlantic, the European Union will raise tariffs on American beef, poultry, bourbon and motorcycles, bourbon, peanut butter and jeans.


Combined, the new tariffs will cost companies billions of dollars, and further escalate the uncertainty in two of the world’s major trade partnerships. Companies will either take the losses and earn fewer profits, or, more likely, pass costs along to consumers in the form of higher prices.


Prices will go up, in Europe and the United States, and jobs are at stake, said European Commission President Ursula von der Leyen.


“We deeply regret this measure. Tariffs are taxes. They are bad for business, and even worse for consumers,” von der Leyen said.


European stock markets closed lower on Thursday, following U.S. President Donald Trump's stronger-than-expected trade tariffs announcements.


The regional Stoxx 600 index ended down around 2.7%. Big retail names with global supply chains suffered, with German sportswear retailer Adidas falling 11%.


Shipping giant Maersk, widely viewed as a barometer for world trade, was 9.5% lower.


The Stoxx Autos index dropped 3.9% as Trump's 25% tariffs on imported vehicles to the U.S. took effect and added to existing new duties on steel and aluminum.


Other sectors deeply in the red included banks, down 5.6%, and technology, lower by 4.5%. Utilities stocks, traditionally a defensive play in times of market turmoil, rose nearly 3%.


The U.K.'s FTSE 100 was down 1.6%, with France's CAC 40 and Germany's DAX posting deeper losses of 3.3% and 3.1%, respectively.


The U.S.' biggest economic rival China was hit with a new 34% tariff rate which will come on top of the existing 20% tariffs on U.S. imports from China, taking the effective total tariffs to 54%.


European Commission President Ursula von der Leyen responded to the tariffs announcements by saying the European Union is preparing further countermeasures against U.S. tariffs if negotiations fail.


Meanwhile, France's President Emmanuel Macron responded by urging French companies to pause planned investments in the U.S., saying tariffs are a shock for international trade.