Trump addresses stock market losses, China trade deficit

The Trump administration is still slapping new tariffs on several countries that preemptively tried to lower trade barriers with the United States to avoid getting targeted.

For example, Israel was hit with a 17% tariff despite completely scuttling all of its tariffs on U.S. goods.

Vietnam was hit with a 46% tariff, even though it preemptively cut tariffs on cars, liquefied natural gas and ethanol products, among other items, to reduce its trade surplus with the United States.

-ABC News' Ben Siegel

French Prime Minister Emmanuel Macron joined the growing criticism of Trump's tariffs from allies labeling the tariffs "brutal and unfounded."

In a speech given at the Elysée Palace as he welcomed representatives from the most impacted sectors, he declared that the measures will leave the American economy, both businesses and citizens, "weaker and poorer."

Macron also called for a suspension of planned investments in the U.S. by European companies until there is greater clarity on trade policies.

He vowed that "there will be a European response."

The first one will come in mid-April on tariffs that were already announced on steel and aluminum, and then a "more massive" response concerning yesterday's announcement will come at the end of the month.

-ABC News' Hugo Leenhardt

While President Donald Trump has no public events on the schedule, various White House officials have been deployed to defend his tariffs as backlash grows.

One common theme of their news appearances is the insistence that the steep levies on trade partners are not a negotiating tactic.

"Negotiating is talking," Commerce Secretary Howard Lutnick said on CNN. "No talking, doing."

"The president made it clear yesterday, this is not a negotiation. This is a national emergency. He's always willing to pick up the phone to answer calls, but he laid out the case yesterday for why we are doing it this," White House press secretary Karoline Leavitt told the network earlier on Thursday.

Canadian Prime Minister Mark Carney responded to Trump's tariffs and announced 25% tariffs on all U.S. vehicles that are not compliant with the United States-Mexico-Canada Agreement.

"All the money raised from these counter tariffs will go directly to workers affected by the American tariffs," he said during a news conference Thursday.

Carney warned that the tariffs will "rupture" the global economy and vowed to fight for Canadians.

"While this is a tragedy, it is also the new reality. We must respond with both purpose and force. We are a free, sovereign, and ambitious country. We are masters in our own homes," he said.

-ABC News' Victoria Beaulé