April 16, 2025
G7 countries, except the US, discussed their position on Trump's tariffs - Italy thumbnail
Economy

G7 countries, except the US, discussed their position on Trump’s tariffs – Italy

“Talk about trying to reassure the situation and find a way to return the Trump administration at the negotiating table and to a rational position””, – WRITE: www.radiosvoboda.org

The Seven Group countries discussed how to respond to US President Donald Trump’s statement last week to introduce large -scale tariffs, Italy Minister of Economy said on Wednesday.

“As part of the G7, we all talked to the United States to try to reassure the situation and find a way to return the Trump administration at the negotiation table and to a rational position,” Jancarlo Georgeetti, quoted by Reuts, said in Rome.

He added that Italy welcomes Trump’s statement on Wednesday, that he suspended many of the tariffs for 90 days.

US President Donald Trump on April 2 announced the introduction of duties on goods from all over the world that will be imported to the United States.

The basic customs rate on import of all foreign goods to the United States will be 10%. It will be for the United Kingdom, Brazil, Australia, Turkey, Ukraine and many other countries. For EU countries, it will be 20%, for China – 34%, for South Korea – 25%, for Japan – 24%, for India – 26%.

Read also: European Commission: The first countermeasures of US tariffs will take effect from April 15

April 9th Trump reportedthat more than 75 countries have contacted the United States, including the Ministries of Trade, Finance and Committee on Trade Affairs (USTR) with a proposal to start negotiations on tariffs, currency issues and barriers in trade. Since these countries, he said, failed to response to the US, Trump announced a 90-day pause for them.

“I allowed a 90-day pause, as well as a significant reduction in mutual tariffs during this period by 10%, which also comes into force immediately,” his statement said.

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