Governments worldwide are pushing back against US President Trump's tariffs, with Canadian Prime Minister Mark Carney announcing retaliatory measures to protect his country's workers and economy. The move comes as the Federal Reserve's inflation data showed a rise in prices due to concerns over Trump's tariffs, leading to market downturns globally. Japan's Nikkei 225 index plummeted over 4% after automakers Toyota, Nissan, and Mazda suffered significant losses, while SoftBank tanked over 5%. The impact of the tariffs is expected to be particularly harsh on South Korea and Japan, with car exports being a major concern, as they account for around 6% of Japan's total exports and 4% of South Korea's.
https://channelnewsasia.com/business/japan-nikkei-down-4-equity-market-losses-gold-record-trump-tariffs-5034681US President Donald Trump threatened Iran with bombing and secondary tariffs if Tehran does not reach an agreement on its nuclear program, warning of "bombing the likes of which they have never seen before" in a telephone interview with NBC News.
https://www.japantimes.co.jp/news/2025/03/31/world/politics/trump-bombing-iran-nuclear-deal/US President Donald Trump has threatened Iran with bombings and secondary tariffs if the country does not reach a nuclear deal with the US, according to Reuters.
https://www.asiaone.com/world/trump-says-there-will-be-bombing-if-iran-does-not-make-nuclear-dealUS President Trump has announced plans to impose a suite of reciprocal tariffs on nations that charge fees on US exports. Following a memorandum signed in February, he directed US trade officials to identify countries and tailor counter-measures. However, Trump recently suggested scaling back his plans, potentially imposing tariffs at lower rates than the countries charge the US.
https://www.thehindu.com/news/international/us-president-trump-says-reciprocal-tariffs-will-target-all-countries/article69395119.eceUS President Donald Trump expressed anger at Russian President Vladimir Putin over his comments criticizing Ukrainian President Volodymyr Zelenskyy's leadership. In a phone call with NBC News, Trump threatened to impose secondary tariffs on Russian oil if he believes it is responsible for the stalled ceasefire deal in Ukraine.
https://krcgtv.com/news/nation-world/trump-very-angry-at-putin-threatens-tariffs-on-russian-oil-amid-stalled-ceasefire-talks-president-donald-trump-vladimir-putin-volodymyr-zelenskyy-nbc-news-ukraine#US President Donald Trump is set to announce a comprehensive tariff proposal on "Liberation Day" this Wednesday, following the implementation of levies on aluminium, steel, and automobiles, as well as increased tariffs on all goods from China. European Central Bank President Christine Lagarde warned that if Europe responds with reciprocal measures, growth will be even lower, down 0.5 percentage points, after estimating a decrease of about 0.3 percentage points in the first year due to US tariffs on European imports.
https://www.brecorder.com/news/40355565/trumps-tariffs-mean-europe-must-take-control-of-its-future-says-ecbs-lagardeUS President Trump has proposed tariffs as a way to protect the domestic economy from unfair global competition. He plans to impose reciprocal tariffs on countries that charge fees on US exports, with the goal of negotiating better terms. However, this move has raised concerns about a trade war and fears of a recession in the US. Trump has directed US trade officials to create a list of tailored counter-measures against countries that are charging the US high fees for their goods.
https://www.firstpost.com/world/trump-to-announce-global-reciprocal-tariffs-expanding-beyond-key-trade-imbalances-13875895.htmlThe International Fresh Produce Association and the National Retail Federation have expressed concerns about proposed US tariffs and retaliatory measures, which could disrupt farmers and businesses. Companies are hesitant to invest due to unclear rules, potentially leading to reduced hiring. Economists warn that sweeping tariffs could lead to inflation if costs are not absorbed by companies, passed on to consumers. Trump has the authority to invoke emergency economic powers or conduct country-by-country investigations under Section 301 of the Trade Act, similar to his actions against China during his presidency.
https://www.ndtv.com/world-news/clock-ticks-on-donald-trumps-reciprocal-tariffs-as-countries-seek-reprieve-8051803Ukraine's President Volodymyr Zelensky stated that sanctions against Russia should remain in force as long as aggression and occupation continue, following a pan-European agreement this week. France has pledged €2 billion in new defense packages for Ukraine, with plans to invest in the production of Ukrainian drones, yielding positive results in protecting cities.
https://www.ukrinform.net/rubric-polytics/3976594-zelensky-this-week-brought-paneuropean-agreement-to-continue-sanctions-against-russia.html