Global leaders condemn US tariff escalations leading to a deepening trade rift

In a move that has sent shockwaves through the global economic community, US President Donald Trump has imposed sweeping tariffs, notably a 25 per cent levy on steel and aluminium imports. This aggressive stance has elicited a chorus of reactions from world leaders, each grappling with the implications for their respective economies and the broader international trade landscape.

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Iran is not in agreement to bend or, fend or mend

“Won’t negotiate, do whatever the hell you want”, said the Iran President to Trump. “It is unacceptable for us that they (the US) give orders and make threats. I won’t even negotiate with you. Do whatever the hell you want”, state media quoted Masoud Pezeshkian as saying.

Iran’s Supreme Leader Ayatollah Ali Khamenei said on Saturday that Tehran would not be bullied into negotiations, a day after Donald Trump said he had sent a letter urging Iran to engage in talks on a new nuclear deal.

While expressing openness to a deal with Tehran, Donald Trump has reinstated the “maximum pressure” campaign he applied in his first term as president to isolate Iran from the global economy and drive its oil exports down towards zero.

The United Kingdom is seeking diplomatic solutions

The United Kingdom has opted for a measured approach, engaging in diplomatic efforts to mitigate the impact of the US tariffs. Trade Secretary Jonathan Reynolds has been dispatched to Washington to negotiate potential exemptions, particularly concerning the digital services tax that affects major tech corporations. The UK government is advocating for a comprehensive economic agreement that includes cooperation in the technology and artificial intelligence sectors.

Prime Minister Sir Keir Starmer has said the UK will “keep all options on the table” as US President Donald Trump’s tariffs on imports of steel and aluminium take effect.

Australia’s caution amid economic concerns