Here’s How Governments Are Reacting After Trump’s Tariff Changes

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(Bloomberg) — Here’s what governments around the world are saying after the US Supreme Court invalidated President Donald Trump’s broad emergency tariffs and his subsequent move to impose a 10% global tariff under a different statute.

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Brazil

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Trump’s 10% tariff won’t affect Brazil’s competitiveness on trade,  Vice-President Geraldo Alckmin told reporters on Friday. “It opened an even wider avenue for more robust foreign trade,” he said.

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Cambodia

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Deputy Prime Minister Sun Chanthol said Cambodia is “moving forward with the ratification of the agreement on reciprocal trade that we signed with the US.” 

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“The ART is not only about one tariff rate. It covers other topics that we have agreed with the US and we honor our commitments,” he said in a text message.

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Canada

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Dominic LeBlanc, Canada’s minister for US trade, said the ruling reinforced his country’s position that tariffs under the US International Emergency Economic Powers Act were “unjustified.”

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European Union

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EU lawmakers will hold an emergency meeting Monday to reassess the bloc’s trade deal with the US, which would erase tariffs on most US goods and set a 15% levy on EU products.

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France

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France wants to continue exporting its goods from the agricultural, luxury, fashion, cosmetics and aeronautics industries with “the fairest rules possible,” President Emmanuel Macron said, adding that the country will “adapt accordingly.”

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“What we want is reciprocity and not to be subject to unilateral decisions,” he said, while emphasizing a need “to focus on appeasement at the international level and continuity in the modernization of our economy in all these sectors.”

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Brussels has the tools, including its “trade bazooka” — the Anti-Coercion Instrument — to hit back at the US for its latest round of tariffs, France’s Trade Minister Nicolas Forissier told the Financial Times.

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Germany

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Chancellor Friedrich Merz’s deputy and Germany’s finance minister, Lars Klingbeil, said Europeans need to maintain their united stance and become so strong “that no one can blackmail us.”

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“Uncertainty remains high,” he told Frankfurter Allgemeine Zeitung, pointing to industry-specific tariffs in key sectors like automobiles and steel that aren’t covered by the ruling.

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Hong Kong

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Hong Kong will see a “limited impact” from the new 10% US tariff, Secretary for Financial Services and the Treasury Christopher Hui was cited as saying by the South China Morning Post.

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India

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The government is studying the implications of the judgment and the subsequent steps announced by the Trump administration, India’s commerce ministry said.

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Opposition leaders called for Prime Minister Narendra Modi’s administration to renegotiate the nation’s trade deal with the US, while the head of the Federation of Indian Export Organisations said “we all have a level playing field now.”

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Indonesia

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Indonesia, which finalized its trade pact with the US on Thursday, said the continuation of the deal “remains dependent on the decisions of both parties,” with both sides still needing to seek domestic approvals before the agreement could come into effect.