BancaMarch | China has already responded forcefully, with a 34% tariff on all imports from the US, to be applied from 10 April. In addition, it has introduced restrictions on the export of certain rare earths to the US.
Other countries have not yet stated their response. Within the European Union (EU), member states such as France and Germany are taking a belligerent stance, while Italy is considering working towards an agreement. Retaliation for the steel and aluminium tariffs (imposed on 12 March) is still pending implementation by the EU.
