Trump tariffs latest: Starmer warns ‘world as we knew it has gone’ – while EU readies retaliatory measures

More than 50 countries have reached out to the White House to start trading talk since US President Donald Trump has rolled out with new rates, top officials said.

The officials defended levies that wiped out nearly $ 6 trillion value from the US shares last week and reduced the economic outage.

The economic advisers of Mr. Trump tried to portray the rates as a smart repositioning of the US in the global trading order.

Neither Treasury Secretary Scott Besent nor the other officials named the countries or offered details about the talks.

Ireland’s finance minister has excluded a wage subsidy scheme for sectors affected by the US rates and said it was not appropriate now.

Paschal Donohoe said he was not aimed at bringing a proposal to set up support such as those brought in during the Covid-19 pandemic.

It comes as government ministers and businesses struggling with the 20 percent rates imposed by President Donald Trump.

“I don’t believe that an economic wide wage subsidy scheme in the way we had during the Covid pandemic would be appropriate,” he told Irish media.

‘I am hopeful that our efforts to work with employers combined with the high level of employment we already have here in Ireland will provide a sufficient reaction.

“But what we will do is that we will evaluate what steps are needed, but we must avoid doing something that has such a cost that it in turn can cause other problems for us in the love. We need to keep our economy safe.

“It means supporting and protecting work, and that means keeping our public finances safe.”

President Donald Trump is not deliberately trying to collapse the stock market, said Director of the White House National Economic Council, Kevin Hassett.

Hassett spoke on ABCs this week this week, saying that the stock market accident after Mr. Trump’s tariff announcement “wasn’t a strategy”.

He was questioned about it after Mr. Trump shared a video on the social media platform Truth Social who claims that the president is dropping the markets as part of a larger economic plan.

Mr. Hassett insisted: ‘He doesn’t try the market tank. He is trying to deliver to American workers. This is not a strategy for the markets to fall. ”

The Minister of Economics and Finance, Eric Lombard, has suggested that stricter regulations are imposed on the use of data from US major technology in response to the rates of President Donald Trump.

In an interview with Le Journal du Dimanche, Mr. Lombard said: “We can strengthen certain administrative requirements or regulate the use of data”.

He added that the EU could also tax ‘certain activities’ but not specify what it would be.

Mr. Lombard also told the French media that Trump’s rates could cause tax revenue to fall in France, predicting that “then the GDP would fall compared to predictions, which would exacerbate the deficit”.

US trade secretary Howard Lutnick said that the rates of President Donald Trump would remain in place ‘days and weeks’, and that some islands inhabited by penguins were recorded on the list so that countries could not use it as a loophole.

“What is happening is, if you dismiss anything from the list, the countries that basically want to arbitrate America, go to us through the countries,” he told CBS News’ Face the Nation program.

US trade secretary Howard Lutnick told CBS News that the steeper rates that will be imposed on April 9 will not be postponed.

Mr. Lutnick was asked whether President Donald Trump would follow the stricter measures. He replied, “They come, he announced it and he did not joke. The rates come naturally. ‘

He also said that islands with little or no residents, such as Penguin Island, should be recorded at the rates in the event that another country is trying to use it as a loophole.

Prime Minister Sir Keir Starmer told EU leaders he was “disappointed” by the rates imposed by President Donald Trump.

Sir Keir spoke to the President of the EU Commission, Ursula von der Leyen, German Chancellor Olaf Scholz, and leader of the German Christian Democratic Union Party Friedrich Merz.

In a reading of the discussions, a spokeswoman for Downing Street said: ‘They discuss the announcement of additional rates by the United States, and they all agreed that-just as with defense and safety is a new era for the global economy. Europe must stand up to meet the moment and ensure that the impact on hardworking people will help maintain greater economic stability.

“The prime minister once again said that he was disappointed with the new rates and emphasized that he would continue to act in the national interest of the United Kingdom – while staying calm while preparing for all events.

“He has updated his plans to go further and faster to strengthen the British economy and ensure that it is as resilient as possible and can withstand these kinds of world shocks. He added that it would be important for the UK to strengthen its trade relations with others around the world at the same time.

“The prime minister agreed to stay in close contact.”

China has announced 34 percent rates on imported US goods in the wake of President Donald Trump’s increased tax on Chinese goods coming into America.

Who will do the best or worst from the trade war? Data correspondent Alicja Hagopian and political correspondent Millie Cooke Look.

Previously, retaliation tariffs from China covered only specific industries such as fuel and agricultural products. Now all US exports will be hit to China.

The US exports much more from China than it exports. In 2024, goods exported to China were worth $ 143.5 billion, according to the US Office for Trade Representatives.

Meanwhile, the US bought three times as much well ($ 438.9 billion) in the same period.

Taiwan’s President Lai Ching-Te has offered zero-rates as the basis for discussions with the US, and has promised to remove trade barriers rather than putting on reciprocal measures and saying that Taiwanese companies will increase their US investments.

President Donald Trump announced throughout the import tariffs of the orchard on Wednesday, with far higher duties for dozens of trading partners, including Taiwan, who has a major trade surplus with the US and has a 32 percent duty on his products.

However, the US rates do not apply to semiconductors, a large Taiwanese export.

In a video message released by his office after meeting drivers of small and medium -sized businesses at his home, Taiwan President said the Taiwan economy would be difficult to handle the rates, but that he thought the impact could be minimized.

“Tariff negotiations can start with” zero rates “between Taiwan and the United States, citing the US-Canada-Mexico free trade agreement,” Lai said.

The Cabinet of Taiwan is considering what large-scale agricultural, industrial and energy purchases of the United States should make, while the Ministry of Defense has already proposed its arms purchase plans, he added.

“All purchases will be actively pursued,” Lai said.

India does not intend to repay against US President Donald Trump’s 26 percent tariff on the Asian people import, an Indian government official told Reuters.

Prime Minister Narendra Modi’s administration has watched a clause of Trump’s tariff order providing a possible postponement for trading partners who “make important steps to correct non-recycling hardship,” said the official, who refused to be confidential as the details of the discussions.

Reuters reported last month that New -Delhi is open to reducing $ 23 billion value on US imports.