# Trump’s Tariffs Threaten to Spark a Global Trade War

- Link: https://www.thailand-business-news.com/united-states/207257-trumps-tariffs-threaten-to-spark-a-global-trade-war
- Published: 2025-04-07T04:54:00+07:00
- Author: Arun Upadhyaya

**U.S. tariffs under Trump are projected to significantly impact economies globally,
with Poland and Thailand estimating GDP losses. Countries like India and Germany
express concern, while others seek negotiation or countermeasures.**

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## Key Points

 * Poland’s Prime Minister Donald Tusk warns that new U.S. tariffs may decrease 
   Poland’s GDP by 0.4%, costing about $2.64 billion. He calls it a “severe blow”
   from an ally but expresses confidence in enduring the impact.
 * Thailand anticipates a 1% GDP loss due to a 36% tariff, prompting the finance
   minister to explore import adjustments. Other countries, including India and 
   South Africa, are assessing similar impacts and seeking negotiations to mitigate
   repercussions.
 * The Trump administration’s tariffs are causing discontent globally, with countries
   like Canada and Mexico preparing countermeasures. European leaders criticize 
   the protectionist shift, while many nations emphasize the need for cooperation
   against the economic disruptions caused by the tariffs.

The recent announcement of sweeping tariffs under President Donald Trump’s administration
has significant implications for global economies, sparking concern among various
nations. Polish Prime Minister Donald Tusk voiced apprehensions that these tariffs
could reduce Poland’s GDP by approximately 0.4%, equating to about $2.64 billion.
Tusk characterized the tariffs as a “severe and unpleasant blow” from a close ally,
emphasizing hope for the resilience of U.S.-Poland relations amid economic pressures.

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Similar forecasted impacts have been reported from other countries, including Thailand,
where Finance Minister Pichai Chunhavajira warned of a potential 1 percentage point
decline in GDP due to a 36% reciprocal duty. The cost of U.S. tariffs extends beyond
immediate GDP losses, with global market fluctuations already seen, highlighting
the interconnectedness of trade. Responses have varied: while Poland anticipates
economic challenges, Thailand intends to boost imports of U.S. goods to mitigate
adverse effects on exports.

In the pharmaceutical sector, companies received temporary relief as they were spared
from the reciprocal tariffs; however, future tariff considerations loom with potential
investigations under the Trade Expansion Act. Countries like India have initiated
careful assessments of the tariffs’ implications on their economies, with a 27% 
duty now imposed.

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European ministers have expressed solidarity against what they perceive as a unilateral
shift towards protectionism by the U.S. Turkish Economic Minister Robert Habeck 
suggested that if Europe collectively pressures the U.S., it might soften its tariff
stance. In light of the tariffs’ economic breadth, businesses are bracing for volatility,
with stock futures reflecting uncertainty while some nations, including Canada and
Mexico, seek collaborative negotiations to rectify trade inequalities.

Overall, the announcement signifies a pivotal moment in global trade relations, 
with nations navigating the complexities and repercussions of newfound tariff structures
that could reshape economic landscapes.