How businesses around the world responded

Business leaders around the world aroused the reality of more upright tasks in exports to the US market after President Donald Trump’s new order on Thursday night tariffs.

With an executive order, President Trump implemented new tariff rates to countries that could not reach updated trade agreements with the US. At the beginning of the week, he summarized a new framework for agreements with nations that successfully negotiated the revised conditions.

Trump’s move has now reshaped America’s worldwide trade relations with new tariffs in more than 90 countries.

Some business leaders tell the BBC what it means to them.

The White House increased the tariffs in Canada from 25% to 35%, while the other major North American trade partner, Mexico, temporarily stopped the new tasks and took a 90 -day Reprieve.

Arizona, Nogales distribution fruit and vegetable company Chamberlain President Jaime Chamberlain, the company imports millions of products from Mexico every year, he said.

“In fact, we are very lucky that the Mexican negotiators stayed calm with US negotiators and holds cool heads,” he said. BBC Radio 4’s Today’s Program. “Both countries do not want to do this wrong.

“And if it takes 90 days to do it right, I think it’s very valuable.”

However, in the absence of an agreement, there is still a great uncertainty about what might happen when the 90 -day extension is over.

“In the most extreme cases, many farmers would stop farming for the export market,” Chamberlain said. He said. He continued: “It would be very difficult for the importers like me to continue to pay these tasks for a long time.”

Initially, Thailand, who worked on a 36% tax, provided an agreement to reduce tariffs to 19%.

Richard Han, CEO of Hana Microelectronics, one of the country’s largest contract manufacturers, remembered Trump’s first shock in April.

“I remember waking up in the morning. It was quite powerful and I saw him standing on the White House grass with his board. I thought: ‘Did I see this correctly? 36%? How could it be?’

However, he thinks that his business, which produces high -tech products such as printed circuit cards, integrated circuits and RFID labels for pricing, can survive under the new low tariff agreement.

“If all of us in this region result in approximately 20%, our buyers will not seek alternative suppliers – it will be just a tax, like VAT [value-added tax]For us, for consumers, Han Han said.

European leaders held tariffs for most goods after Trump threatened twice as initially.

However, this is still a significant increase in 4.8%than the previous average rate.

According to the Italian International Institute of Political Studies, agricultural, pharmaceutical and automotive sectors are most likely to be hit, the country’s gross domestic product (GDP) decreases by 0.2%.

Cristiano Fini of the Italian Farmers Confederation said that the agreement with the US felt more like “surrender” than an agreement.

A few Italian Trade Association are already invading from the European Union to compensate for compensation to balance the envisaged losses.

If the EU agreement managed to blind the worst effects of tariffs, Brazil has reversed their delegations.

Trump initially announced a 10% ratio, but on Wednesday, he increased this figure to 50%, and President Luiz Inacio Lula unfairly attacked US technology companies and called former President Jair Bolsonaro to prosecute a “witch hunt”.

However, the higher tariff comes with some exemptions for orange juice and commercial aircraft.

However, other products are expected to encounter sharp price increases.

Brazil’s Coffee Exporters Council Cecafé warned that the impact on Brazilian roasters and exporters would be “important” and support American coffee drinkers for price increases.

Brazilian producers and exporters are working on unexpected situation plans.

However, Cecafé said it would not be easy to find other markets for 8.1 million tons of coffee currently exported to the USA. New markets are opened in Asia and the Middle East – but according to Cecefé, they will not be able to suck all the potential US deficit.

Switzerland, which was once optimistic about reaching a modest 10% of 10%, was shot with a tariff of 39%, instead – the highest in Europe.

Only weeks ago, the Swiss President Karin Keller-Sutter implied that an agreement was possible at a rate of 10%.

The sudden hike is now shocked by the country, because tariffs can seriously affect companies that produce drugs, jewels and team stalls.

“The US government is sending a clear protectionist signal with unilateral tariff increases in Swiss industrial products with unilateral tariff increases in Swiss industrial products, S

“The government should now act with clarity and confidence and use the current opportunity window to negotiate with the US decisively.”

India was slapped with a 25% tariff with an additional footnote – Trump threatened to impose a punishment that was not specified according to India’s business relations with Russia.

India is currently one of the largest buyers of Russian oil, and Trump uses Moscow as leverage to put pressure on the war in Ukraine.

Aurobindo Nayak, who runs a large tea exporter CI Ltd in Kalcutta, says that US consumers will finally pay the price.

He said BBC’s World Job Report: “We will definitely carry Brunt. But I think the people who will really be shot hard are the American consumers themselves.

“Choosing tea taxation in the United States will only have an inflationary effect. Assam tea has a lot of characters, is loved by American consumers. Darjeeling tea is a special tea, not grown elsewhere. Consumption is growing in the United States.”

One of the most upright tariff rates to Laos in Southeast Asia – 40% – was applied.

“We are not very satisfied with the tariff … Laos is a very small country,” he said. “Laos only agricultural products, clothes, fruit juice and so on.

Rasphone BBC World Service Program NewsY 60 companies operating in sectors employing approximately 60,000 people can be affected.

Stating that the general impact on the country’s economy may be important, “indirect jobs may also be affected,” he said.

Laura Gozzi’s reports in Rome, Jonathan Head in Bangkok, Ione Wells in São Paulo and Imogen Foulkes in Geneva