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Global community grapples with Trump 'tariff threat'

2024.11.30 PM 04:48
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Mexico to discuss ways to cooperate with the U.S. to resolve border issues

China's "No Winner in Trade War" Checks, Watch Closely

Europe is also nervous..."Buying and negotiating from the United States" Realism on the rise

Mexico and Canada also prepare 'retaliation tariffs' card
[Anchor]
Countries around the world are struggling to come up with countermeasures as U.S. President-elect Donald Trump threatens a "tariff bomb."

We are focusing on persuasion through various communication channels with Trump.

Reporter Kwon Young-hee reports.

[Reporter]
Canadian Prime Minister Justin Trudeau met with Trump in a late weekend afternoon in Mar-a-Lago, Florida.

Emphasizing the alliance between the U.S. and Canada, it has made all-out efforts to persuade the U.S. to withdraw its "25 percent tariff."

The issue is just as urgent as it is for Canada, which is suffering from high prices and economic slowdowns due to surprise visits that weren't on its pre-scheduled schedule.

[Cristaina Frland / Deputy Prime Minister of Canada] Canada is the top priority and the best thing for Canada is to maintain the current North American trade agreement.]

Along with Canada, Mexico, which is subject to 25% tariffs due to border issues, has also started to minimize damage.

In a call with Trump, President Sheinbaum discussed ways to cooperate to resolve the border issue.

We are also trying to distance ourselves from China and are starting to appease the United States in earnest.

[Claudia Sheinbaum / President of Mexico: I am confident that an agreement will be reached. We respect Mexico's sovereignty and cooperation with trading partners.

Trump plans to impose an additional 10% tariff on China, citing drug inflow problems.

China is keeping a close eye on the situation, even as it protests that there is no winner in the trade war.

[Maoning / Chinese Foreign Ministry spokesman: We can't tell you whether we'll discuss it with Trump, but we're always open to dialogue and communication]

Europe is also nervous.

ECB President Christine Lagarde has stressed that negotiations should be made rather than retaliation.

At the same time, he proposed a friendly strategy to purchase items such as liquefied natural gas and defense equipment from the United States.

Mexico and Canada, which have been hit directly as the world tries to appease Trump, are also preparing retaliatory tariff cards for the worst-case scenario.

I'm YTN's Kwon Younghee.


Video editing: Kim Jiyeon


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