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The Latest: US trade partners around the world react to Trump's new tariffs

President Trump's new tariffs on various countries sparked reactions. Thailand and Pakistan welcomed reduced rates (19%), emphasizing continued economic growth. Norway seeks zero tariffs, while Switzerland faces a 39% tariff and will negotiate. Canada received a 35% tariff due to alleged drug trafficking inaction. Malaysia celebrated its 19% rate, highlighting the preservation of national interests. Cambodia announced zero tariffs on US goods in exchange for a 19% rate and a Boeing aircraft deal. Australia secured a 10% rate, highlighting its competitive advantage. Japan welcomed the reduced uncertainty but will monitor the impact. New Zealand plans to lobby for lower rates, while Taiwan awaits further negotiations.

Prepared by Christopher Adams and reviewed by editorial team.

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