The world’s major economies vow retaliation against US tariffs set to be introduced today (21:00 BST).
Cliff notes – Major economies vow retaliation
- The world’s major economies vow retaliation against US reciprocal tariffs
- EU has “strong plan” but says it would prefer to negotiate
- Canada PM: “We are going to be very deliberate in terms of the measures we take to fight for Canada”
- Australia PM Anthony Albanese and his rival in May’s election, Liberal Party leader Peter Dutton, said they would stand up for the country’s national interests in the face of looming US tariffs
- Other top exporters are building alliances to counter the US – China, Japan and South Korea accelerating talks on free trade
- Vietnam, in an effort to appease Trump, said it would lower tariffs on a number of goods
