Donald Trump delayed his Liberation Day announcement to avoid April Fool's associations, presenting instead sweeping reciprocal tariffs on imports from nearly all nations. This measure, sparking backlash from countries including Australia and China, aims to reshape U.S. economic relations and alter global trade dynamics. Australia's Prime Minister labeled the tariffs as illogical and contradictory to their alliance with the U.S., while China announced that it would impose countermeasures and criticized the unilateral tariffs for violating international trade norms, emphasizing the futility of protectionism in trade disputes.
Trump's promised Liberation Day included tariffs on imports from nearly every nation, a move expected to significantly impact the U.S. economy and global trade.
Australia's Prime Minister criticized Trump's tariffs as illogical and contrary to their diplomatic alliance, though Australia has no plan for retaliation.
China condemned the unilaterally imposed tariffs as a violation of international trade rules and vowed to take countermeasures against the U.S.
China's Ministry of Commerce termed the tariffs bullying, emphasizing that there are no winners in a trade war and rejecting protectionism as a viable strategy.
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