The Latest: Key Us Trading Partners And Global Officials React To Trump's New Tariffs

The new tariffs announced Wednesday by U.S. President Donald Trump were met initially with measured reactions from key trading partners , highlighting the lack of appetite for a full-fledged trade war.

Trump presented the import taxes, which he calls "reciprocal tariffs" and range from 10 to 49, in the simplest terms: the U.S. would do to its trading partners what he said they had been doing to the U.S. for decades.

European Commission President Ursula von der Leyen said they are a "major blow to the world economy," while a Japanese official called them "extremely regrettable" and Korea's prime minister called for emergency measures to support industries affected by the tariffs. Asian markets tumbled in Thursday morning trading.

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