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Trump tariffs: Worst week for US stocks since Covid crash as China retaliates
Among the governments already signalling a willingness to engage with the US to avoid Trump’s tariffs, Taiwan’s president has offered zero tariffs as the basis for negotiations.
On Sunday Lai Ching-te pledged to remove trade barriers and said Taiwanese companies would raise their US investments.
The Israeli prime minister, Benjamin Netanyahu, said he would seek a reprieve from a 17% tariff on the country’s goods during a planned meeting with Trump on Monday, Reuters reports.
An Indian government official said the country did not plan to retaliate against a 26% tariff and that talks were under way with the US over a possible deal.
In Italy, the prime minister, Giorgia Meloni – a Trump ally – pledged on Sunday to shield businesses that suffered damage from a planned 20% tariff on goods from the European Union.
Italian wine producers and US importers at a wine fair in Verona on Sunday said business had already slowed and feared more lasting damage.
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