President Donald Trump issued a warning on Thursday, stating that the U.S. could impose even steeper tariffs on the European Union and Canada if they attempt to harm the American economy.
Trump Threatens Increased Tariffs on U.S. Allies
Trump took to Truth Social to declare that any coordinated effort by the EU and Canada to damage the U.S. economy would trigger “large-scale tariffs, far greater than currently planned.” He emphasized that these measures would protect America, which he called “the best friend those countries have ever had.”
25% Tariff on Imported Vehicles Sparks Backlash
The warning came just a day after Trump announced a 25% tariff on imported cars, escalating ongoing trade tensions. The decision drew swift criticism from international leaders, with European Commission President Ursula von der Leyen calling it “bad for businesses, worse for consumers.”
Canadian Prime Minister Mark Carney condemned the move as a “direct attack” on Canadian workers and hinted at potential countermeasures.
New Tariffs Set to Take Effect in April
The tariffs on cars and light trucks will be implemented on April 3, aligning with Trump’s broader plan to introduce reciprocal tariffs targeting nations responsible for the U.S. trade deficit. These duties add to existing tariffs on steel, aluminum, and imports from Mexico, Canada, and China.
EU Prepares Retaliation, Trump Fires Back
In response to Trump’s policy, the EU announced plans to delay its first wave of countermeasures until mid-April, which includes a 50% tariff on American bourbon. Trump, however, quickly countered with a threat to impose a 200% tariff on all EU wines and alcoholic beverages if the bloc proceeds with its retaliation.
As trade tensions mount, the potential economic fallout remains uncertain, with both sides weighing their next moves in this escalating standoff.
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