How did businesses around the world respond

Business leaders from all over the world have raised the reality of stator duties on exports in the US market after President Donald Trump’s new order on tariff on Thursday night.

In an executive order, President Trump imposed new tariff rates on countries that failed to reach the updated trade agreements with the US. Earlier in the week, he underlined a new structure for deals with nations, who successfully interacted on revised terms.

Trump’s move has now shaped America’s business relations worldwide with new tariffs on more than 90 countries.

Here some business leaders have told the BBC about what it means for them.

While the White House raised 25% to 35% tariffs in Canada, its other major North American trading partners, Mexico, temporarily stopped the 90-day reprief, temporarily stopped new duties.

Jaime Chammlenain, president of the distributioning fruit and vegetable company Chamberlane at Nogels, Arizona, says his company imports millions of boxes from Mexico every year.

“We are really very lucky that Mexican dialogues with American dialogues are cool and keep a cool head,” he said Today’s program of BBC Radio 4“Both countries do not really want to do it wrong.

“And if it takes 90 more days to get it right, then I think it is very meaningful.”

But in the absence of a deal, there is still great uncertainty what can happen once after the 90-day expansion.

“I think in the most extreme cases, many farmers will stop farming for the bus export market,” Chamberlane said. “It would be very difficult for record importers as if continuing to continue paying yourself those duties continued for a long time.”

Thailand, who was initially staring at the possibility of 36% levy, acquired a deal to reduce tariffs by 19%.

Richard Han, CEO of Hana Microelectronics – One of the country’s largest contract makers – recalled his shock in Trump’s initial announcement in April.

“I remember waking up in the morning. It was quite early, and saw him standing with his board standing on the lawn of the White House. I thought:” Did I see that right? 36%? How can it be? ” “He said.

But he thinks that his business, which creates RFID tag for high-tech goods such as printed circuit boards, integrated circuits, pricing, can survive under the new lower-tariff deal.

“If all of us in this region end up with about 20%, our buyers will not look for alternative suppliers – it will only be one by tax, like VAT [value-added tax]For American consumers, “Han said.

European leaders made a deal, Trump initially caught the tariff for most goods at 15% after threatening to double at a rate.

But this is still a sufficient growth at an average rate of 4.8%.

According to the Italian Institute of International Political Studies, agriculture, drug and motor vehicle are likely to be the most difficult hit, a decline of 0.2%with the country’s GDP (GDP).

Christiano Phani of the Italian Federation of farmers said that the deal with the US felt like “surrender” compared to an agreement.

Many Italian trade unions are now already for compensation for compensation for compensation from the European Union.

If the European Union deal managed to blunt the worst effects of tariffs, Brazil saw its fate upside down.

Trump initially announced a rate of 10%, but on Wednesday raised the figure by 50%, accused Luiz Eneasio Lula Da Silva of incorrectly attacking US tech companies and attempting to “witch hunt” the prosecution of former President Zayer Bolsono.

Although the high tariff comes with some discounts, for example for orange juices and commercial aircraft.

But other products are expected to face a rapid price increase.

Brazilian Coffee Experters Council Sekafi stated that the impact on Rosters and exporters of Brazil would be “significant”, and warned American coffee drinkers for price hike.

Brazilian manufacturers and exporters are working on casual plans.

But Sekafa said that it would not be easy for the currently 8.1 meter tonne coffee exported to the US to find other markets. The new markets are opening in Asia and the Middle East – although they will not be able to absorb all possible American deficiency according to Sekafa.

Switzerland, once optimistic about reaching a slight 10% rate, was hit with a 39% tariff instead – the highest in Europe.

A few weeks ago, Switzerland President Karin Keller-Sater indicated that an agreement could be possible at a rate of 10%.

The sudden increase has now shocked the country, as tariffs can seriously affect companies that produce pharmaceuticals, jewelery and machine tools.

The machine tool industry organization Swissonic said in a statement, “With unilateral tariff growth on Swiss industrial products, the US government is sending a clear protectionist signs,” the machine tool industry organization Swissonic said in a statement.

“The government should now act with clarity and confidence – and use the current window of opportunity to interact with the US.”

India was slapped with an additional footnote with 25% tariffs – Trump has threatened to impose unintended punishment on India’s business behavior with Russia.

India is currently one of the largest buyers of Russian oil, and Trump is using tariffs as a profit to pressurize Moscow on war in Ukraine.

Aurobindo Nayak, who runs a large tea exporter CI LTD in Kolkata, says American consumers will eventually pay the price.

He told BBC World Trade Report: “We will definitely bear the brunt. But I think people who are actually a tough competition are American consumers.

“In the United States, only one inflation is going to be influenced in the United States. Assam tea has a lot of character, it is preferred by American consumers. Darjeeling tea is a special tea, it has not increased anywhere else. Consumption in America is increasing.”

One of the highest tariff rates – 40% – is applied on Laos in South -East Asia.

“We are not very happy with the tariff … Laos is a very small country.” “Laos exports America only to agricultural products, textiles, juices and so on.”

Rasphone told BBC World Service Program NewsdaY 60 companies working in those areas collectively employ around 60,000 people.

“Indirect jobs may also be affected,” he said, given that the overall impact on the country’s economy could be sufficient.

With reporting by Laura Gozi in Rome, Jonathan Head in Bangkok, Eon Wales in Sao Paul and Emojen Folks in Geneva