EU and China "Retaliation"... UK and Mexico "Negotiation"

Countries Struggling to Formulate Countermeasures

The White House on the 1st (local time) left open the possibility of negotiations regarding mutual tariffs, stating that "the President can always make a phone call," but the European Union (EU), China, and Canada have announced plans to retaliate. The UK and Mexico are poised to negotiate with the US. Countries are moving busily to maximize their benefits in the tariff war.

Ursula von der Leyen, President of the European Commission, stated in a speech at the European Parliament in Strasbourg, France, that "Europe holds many cards necessary for negotiations, from trade to technology sectors and market size," in response to the US tariff imposition. She added, "We will closely evaluate the US announcement and adjust our response," emphasizing, "We do not necessarily want retaliation, but we have strong plans to retaliate if necessary."

Wang Yi, China's Foreign Minister, also stated in an interview with Russian state media that "China has never tolerated coercion and hegemony," and "if the US insists on exerting pressure and continues to make various threats, China will resolutely counterattack." The Canadian Prime Minister's Office released a statement saying, "Prime Minister Mark Carney will fight against unfair trade measures against Canada and protect domestic workers and businesses."

The UK and Mexico have stated their position to resolve the issue through negotiations with the US rather than responding immediately. UK Prime Minister Keir Starmer said in a Sky News interview, "A calm and composed approach, rather than reflexive actions, is most necessary for the national interest." Mexican President Claudia Sheinbaum said in a press conference, "There is a list of drug offenders whose extradition the US authorities are requesting," and "depending on joint efforts, the extradition process can be expedited," suggesting that extradition could be used as a negotiation card with the US.

Japan has also expressed its determination to focus all efforts on negotiations with the US to reduce tariff burdens. Prime Minister Shigeru Ishiba said in a press conference at the official residence, "We will continue to strongly demand that Japan be excluded from US tariffs." The South Korean government has also stated its position to resolve the issue through negotiations rather than retaliatory tariffs.

Reporter Kim Dong-hyun 3code@hankyung.com