WASHINGTON: President Trump’s sweeping tariffs have shaken global markets and triggered reactions from several major U.S. trade partners. The announcement came last week and included elevated tariffs on China and other countries. As financial markets drop, nations are taking steps to respond strategically. Some are trying to negotiate, while others are weighing retaliation. Stock indexes and oil prices continue falling worldwide.
Japan Appeals
Japan has asked Trump to reconsider his tariff decision, stressing its economic relationship with the U.S. Prime Minister Shigeru Ishiba spoke with Trump by phone on Monday. He reminded Trump that Japan is the top foreign investor in the U.S. Ishiba voiced strong concerns about the impact on Japanese businesses. He said tariffs may hurt their ability to invest further.
Mutual Benefit
Instead of imposing trade barriers, Ishiba called for mutually beneficial cooperation. Japan hopes for a solution through diplomacy. The country values its deep economic ties with the United States. Japanese officials continue talks to prevent worsening trade tensions. For now, Japan has not announced retaliatory measures.
Mexico’s Caution
Mexico is also urging a diplomatic path over confrontation. President Claudia Sheinbaum prefers dialogue before enacting counter-tariffs. However, she has not ruled out reciprocal action. Steel and aluminum remain key concerns for Mexican industries. Sheinbaum discussed the issue during her Monday morning briefing.
Trade Talks
Mexico’s Economy Secretary Marcelo Ebrard will travel to Washington. His mission is to continue trade negotiations with U.S. officials. Mexico wants to maintain fair trade without escalating conflict. Leaders in Mexico are watching developments closely. They hope talks will ease tensions.
Russia Watches
Russia has focused on how the tariffs affect global oil markets. Kremlin spokesperson Dmitry Peskov commented on Monday. He confirmed Russia is closely monitoring declining oil prices. Oil and gas exports are Russia’s largest revenue sources. Falling prices pose risks to the national budget.
Oil Concerns
Peskov blamed the drop on Trump’s broad tariff policy. He said these tariffs affect “most countries” and hurt global demand. Oil prices, according to Peskov, are critical economic indicators. The Kremlin is concerned about the long-term impact on its finances. Russia has not yet taken retaliatory action.
Trade Priorities
Trump remains committed to protecting American industries. His administration believes tariffs help balance global trade. However, partner nations say cooperation is a better path. With so many countries affected, global trade talks are increasingly urgent. The international community seeks common ground.
