United StatesMěiguó美国a new round ofxīn yī lún新一轮reciprocal tariffsduìděng guānshuì对等关税to take effectshēngxiào生效，Japan and South KoreaRì-Hán日韩and other countriesděng guó等国leaderslǐngdǎorén领导人to expressbiǎodá表达deep concernyánzhòng guānqiè严重关切。
April 3, 2026 at 8:00 PM
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BusinessJapan, South Korea and India Express Deep Concern as US New Reciprocal Tariffs Take Effect
Multiple world leaders expressed deep concern after the US announced a sweeping new round of reciprocal tariffs, sending global stock markets sharply lower. South Korea acting president said the situation was extremely grave, while Japan and other US allies were frustrated at not receiving exemptions.
As the United States implements a new round of reciprocal tariff measures, leaders of multiple major world economies successively expressed strong concern. South Korea's acting president Han Duck-soo stated that with the approaching global tariff war, the situation is extremely grave, and the government will fully respond to this trade crisis.
Japan's leaders expressed deep disappointment at failing to obtain tariff exemption as an ally, and stated they will continue trade negotiations with the United States. India, due to continuing purchases of Russian oil, was additionally assessed 25% tariffs by the United States, causing trade negotiations between both sides to fall into deadlock. The European Union stated strong opposition and is currently evaluating various response measures, including imposing retaliatory tariffs on U.S. goods.
Global major stock markets that day showed significant declines. The U.S. stock market's single-day decline set a new record since the COVID-19 pandemic. Economists warned that these tariff measures will push up prices of imported goods, further affecting consumer purchasing power and potentially triggering more widespread inflation. Analysts pointed out that the tariff shock particularly deeply impacts Asian manufacturing economies with high export dependence.
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