President Donald Trump’s levying of significant U.S. tariffs on dozens of countries has caused global leaders to both assess their own retaliatory trade measures and plan for trade negotiations.
While Trump’s reciprocal tariffs, which vary country by country, have been paused for 90 days, tariffs on automobiles, metals and the universal 10% tariff on all imports to the U.S. remain. Trump also issued exceptions for some tech and electronic products, such as laptops and phones, and plans to issue separate tariffs for semiconductors.
Businesses have delayed investment decisions and companies like Apple stockpiled products in preparation for tariffs that will have costly implications for…