The US tariffs introduced by Donald Trump have impacted over 60 nations, with rates varying from 10% to 41%. Governments worldwide are implementing contingency plans. Brazil intends to support affected companies amidst criticism of tariffs as blackmail. Switzerland is pursuing additional talks with the US due to economic strains from its 39% tariff. Taiwan has indicated that the 20% tariff is temporary, while Ireland plans to diversify its economy, heavily reliant on affected US multinationals. Lesotho has also noted challenges despite a tariff reduction from 50% to 15%.
The latest wave of US tariffs announced by Donald Trump has rates ranging from 10% to 41%, causing worldwide concern for job losses and economic strain.
Brazil's president criticized the tariffs as unacceptable blackmail and announced a state aid plan for affected companies. Switzerland observed that the tariffs would severely strain its export-oriented economy.
Taiwan's president mentioned that the 20% tariff imposed on the country by the US is temporary as discussions continue to mitigate impacts on key economic sectors.
Ireland plans to diversify its economy due to reliance on US multinationals affected by US tariffs, highlighted by major companies like Intel and Pfizer.
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