Countries take varied measures to tackle Trump's tariffs

Meanwhile, countries in Europe and Asia are gearing up different responses, including negotiations with Washington.

Ahn Sung-jin takes a look at how the world is tackling the trade war triggered by the U.S.

As Trump's tariffs threaten countries around the world, most have been drafting response measures.

Trump's taxes will start with a baseline of 10-percent on all goods coming into the U.S., with some countries reaching up to 50-percent on imports.

With the "reciprocal tariffs" on specific countries to begin on April 9th, countries have been ramping up retaliatory measures.

Trump has imposed a 20 percent tariff on goods from the European Union, which stated that it will be defending its interests with countermeasures.

"Further diversifying our trade relations is very critical for us because this broadens the market opportunities and is crucial for our companies. So it is very clear that we are open for negotiations and that, in parallel, we are preparing a potential list for retaliation and other measures for retaliation if this is necessary."

The 27-country bloc will also be working closely with the UK, and though it has levied 25 percent tariffs on some U.S. imports, it further made clear that it would prefer a negotiated solution by offering a "zero-for-zero" tariff deal.

Asian countries have also varied in their approach to tariff impositions.

U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba had a 25-minute phone talk on Monday, with the Japanese leader stating that he will dispatch a team for further trade talks.

However, Ishiba did voice his disappointment over the tariffs as he noted that Japan had been the biggest investor in the U.S. for five straight years.

Meanwhile, Vietnam took a conciliatory approach by suggesting it could lower tariffs on U.S. goods to zero, while Malaysia will be drafting a joint response plan at the ASEAN level.

Pakistan will be sending representatives to the U.S. for discussions, and the Philippines has also pledged to lower taxes on American imports.

However, some countries have also stated that they do not plan to retaliate.

India referred to ongoing trade negotiations as it expressed no retaliation efforts, while Taiwan also disclosed no intention for reciprocal trade tariffs as of now against the 32 percent on Taiwanese goods.

The U.S. national economic council director said more than 50 countries have reached out to the White House to negotiate trade talks with Washington.

Ahn Sung-jin, Arirang News.