#TrumpTaxCuts

*Reactions of U.S. Trade Partners to TrumpTaxCuts – April 28, 2025 *

The announcements of *TrumpTaxCuts*, which include tax reductions and new tariffs, have generated mixed reactions among U.S. trade partners.

*Impact on Trade Partners *

✅ *China* : Beijing has harshly criticized the new tariffs of *54%*, calling them a unilateral measure that affects the stability of global trade. China has threatened to impose retaliatory tariffs on key products such as technology and agriculture.

✅ *European Union* : European leaders have expressed concern about the impact of the tariffs on sectors such as automobiles and chemicals. Germany, for example, has lowered its economic growth forecast for 2025 to *0%*, citing the effects of U.S. trade policy.

✅ *Mexico and Canada* : Both countries have rejected the *25%* tariffs imposed on their products, arguing that these measures could harm their economies and bilateral relations.

*Global Perspective *

Financial markets have reacted with significant declines in Asia, Europe, and the U.S., reflecting the uncertainty generated by these policies. Economists warn that these tensions could trigger a global recession if not managed properly.

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