The Kobeissi Letter
The Kobeissi Letter|Apr 03, 2025 12:44
Government Responses to US Tariffs, So Far: 1. European Union: Retaliatory measures being "prepared" 2. China: Urges the US to "immediately" cancel reciprocal tariffs or they will take "counter-measures" 3. Germany: Calls on EU to pressure President Trump 4. Japan: Says tariffs are "regrettable" and seeks exemption 5. Canada: Preparing countermeasures to existing tariffs 6. Mexico: Plans a broader response as soon as April 3rd 7. South Korea: Begins emergency support for impacted industries 8. UK: Attempting to reach a trade deal with the US keeping "options open" 9. Brazil: Considering going to WTO, evaluating potential responses Reciprocal tariffs on reciprocal tariffs will begin today.
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