As Trump's tariffs on steel and aluminium come into effect, the backlash is global.

Hello, this is the Marketplace Morning Report, and we're live from the BBC World Service.

I'm Leanna Byrne.

Another morning, another set of tariffs.

The US has imposed 25% tariffs on all steel and aluminium imports.

No exceptions, no exemptions.

Among the first to complain was Australia.

Its Prime Minister Anthony Albanese said the move was unreasonable.

And the EU will hit back with counter tariffs and steel,

textiles and food starting April 1st.

Here's the European Commission President Ursula von der Leyen.

The European Union must act to protect consumers and business. The countermeasures we take today

are strong but proportionate. As the United States are applying tariffs worth $28 billion, we are responding with countermeasures

worth 26 billion euros. Meanwhile, the UK says it won't retaliate but is pushing for an exemption.

The BBC's Mariko Oi is, as ever, our tariffs expert. Good morning, Mariko. I want to know what the reaction is from China.

Good morning. Well, Beijing has said that it would take all necessary measures to protect its interest in response to these latest tariffs.

I have to say, China isn't affected as badly as some other Asian trading partners of the United States, because

if you remember, Mr. Trump slapped those tariffs on steel and aluminum during the first term

as the U.S. president, basically accusing them of flooding the market with cheap steel.

So as a result, China now accounts for less less than 2% of US imports of steel from around

the world, whereas countries like South Korea, they account for about just under 10%. Also, Vietnam

exports a lot of steel and aluminum to the US, followed by Japan. So those countries are

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