China benefits the most from America's low tariffs. European countries do not respond because they know that America has been at a disadvantage for many years, yet China does not understand why they do not realize this.
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Summary of international reactions to Trump's retaliatory tariff policy
Countries opposing and the applicable tariffs: China (34%) and Vietnam (46%) face the highest tariffs. China claims it will retaliate, raising the total tariff to 54%.
EU, Japan, South Korea, India face 20-26%; UK, Brazil, Singapore face 10%.Reactions from countries:China: Demands the US cancel the tariffs and resolve disputes through dialogue.Australia: Prime Minister Anthony Albanese states the tax is "unreasonable" but does not retaliate, pointing out the paradox of a 2:1 trade ratio.
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