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In contrast, China was targeted by 34 percent on the plane, the European Union by 20 percent, South Korea 25 percent, Japan 24 percent, and India 26 percent. The US ally in Israel filmed a 17 percent tariff, as did the Philippines.
The advertisement hit the financial markets, which did not expect the size of some definitions.
ASX200 $ 48 billion threw the opening, but it was recovered throughout the day to finish 0.9 percent or 23 billion dollars. Abroad, the market in Japan lost 3.1 percent, and South Korea decreased by 0.8 percent, while Hong Kong decreased by 1.6 percent.
Global oil prices fell on fears of slowdown in the American economy, while gold has reached the highest level of $ 319 on expectations that the United States will face higher due to the definitions.
Financial markets now expect the Reserve Bank to reduce official interest rates three times by November, starting from its next meeting in mid -May. RBA maintained a fixed cash price at 4.1 percent at its meeting this week.
In its six -month review of the stability of the nation’s financial sector, the bank used the chapter 21 times, noting that the American tariff plans in America were the “large winds of the expectations of global economic activity.”
Trade Minister Howard Lootnick carries a scheme that shows the 10 percent definitions on Australia and other countries.credit: AP
She said: “The constant uncertainty about the United States ‘international trade policies, and the reactions that may lead to this, can have a chilling effect on the decisions of investment in business and families’ spending.”
Albaniz said that there are some issues, including the pharmaceutical advantages and media rules in the country, that the government will never negotiate.
He said: “It is clear that our position is not for negotiation, whether it is the law of bargaining on the media or whether the position of social media is a pioneer in the world.”
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The Minister of Trade Don Farrell said that there is now an opportunity to review the negotiations of the Free Trade Agreement with the European Union, which stopped the main elements from its measures to protect European farmers and food producers.
The Albaniz -five -point plan for dealing with customs tariffs includes an additional $ 5 million for the Anti -Dumping Committee for the Protection of Home Industries such as steel and manufacturing, $ 50 million in companies ’commercial support to find new markets, and to determine the priorities of Australian companies in government purchases and local content.
Coalition leader Peter Datton, who supported measures related to anti -dumping, said additional commercial support and government purchases, he could have negotiated a better result with the Trump administration.
He said that an agreement with the Trump administration could be “very quickly” and linking the issue to the defense relationship between the two countries.
“We have forces in the north of our country, we have the Aukus deal, and we have the AZUS Treaty,” Datton said.
“This is a bad day for our country. I want to solve the matter and the question for us now is: Who is the best to deal with this relationship?” He said.
Greens Pande’s leader said that Australia should end the AUKUS $ 368 billion submarine deal with the United States, arguing that Donald Trump was “dangerous”.
Former Prime Minister Paul Kiting said that Trump’s tariff was the effective death of NATO, while doubting other diplomatic relations, including the Inznu Treaty between the United States and Australia.
“If NATO, the main strategic alliance of America, is a consumer, what is the reliable logical basis that can support us with our sincerity and with him, to Australia?” He said.
“The Australian Australian Australian claws should be, that Phalanx from the American Acolytes has been suffocated in their breakfast meals, as Donald Trump put Blitzkrieg on globalization, with all its effects on tearing cooperation and good faith among countries.”
The chief economist Shin Oliver said that the chance of the United States was about 40 percent, with the average tariff rate in America now higher than it was when it was raised during the Great Depression.
“[Trump’s] The declaration will issue a tariff rate in the United States to the above -mentioned levels in the 1930s, which in turn will add to the danger of American recession – through another blow to confidence and supply chain disorders – and a greater hit of global growth. “
The famous economic historian Douglas Irwin said that Trump’s tariff was “much larger” than the notorious Holieth Harmony imposed by the United States in 1930, which led to the exacerbation and longing of the great depression.
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British historian Simon Shama warned Trump’s actions, by increasing prices and reducing demand throughout the United States, which would provide a major blow to the global economy.
He said in X. “The cause of global economic incidents was historically caused by a variety of problems, some of which are inevitable from others, but this is the first that was caused by severe semantic stupidity,” he said in X.
Regardless of the immediate economic repercussions of definitions, Trump’s declaration has caused criticism all over the world.
China, which increases the previous customs tariffs, is facing effective tariff rates of 70 percent, it will strongly respond to what it described as a “typical act of mono bullying”.
“China is strongly opposed and will take counter measures to protect its rights and interests,” the Chinese Ministry of Commerce said in a statement.
European Commission President Ursula von der Lynn said that the group of countries – which combined is the third largest economy in the world – said the merit of negotiating with the United States, and the committee members were ready to respond.
She said on a trip to Uzbekistan: “We are already summarizing a first package of anti -measures in response to steel definitions,” she said on a trip to Uzbekistan. “We are now preparing for more counter -measures, to protect our interests and our actions if negotiations fail.”
As part of the negotiating strategy before the announcement, the dairy government has repeatedly noticed that Australia has led to a trade deficit with the United States since the Korean War Sufs TV in the early fifties.
But the statistics office numbers issued on Thursday showed a second consecutive month, which Australia sold more than America than it received in imports.
The 1.1 dollar surplus in February was against the huge purchases of gold by American investors that helped pay the price of precious metals to the highest levels ever.
The Australian industry group has warned that Trump’s tariff will lead to the dumping of manufactured goods all over the world.
Group CEO Ins Wilux said that about 50 percent of the goods are intermediate commodities-the components of incomplete products-the definitions will have a long-term effect that exceeds the products they struck immediately.
He said: “The goods designated for the United States may need to find a new house, which provokes the possibility of the flowing goods coming to Australia.”
The Business Council in Australia, which represents the 100 largest companies in the country, warned that the Trump tariff would harm economic growth, while urging the “measured” response from the federal government.
The CEO of the Council, CEO of the Council, said: “We do not support the reprisal tariffs and we strongly urge them because there are no winners in a commercial war, which may only risk making our situation worse by forcing the Australians to push more and reduce job security.”
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