Today, President Donald Trump threatened the EU and Canada with higher tariffs if they collaborate to cause “economic harm to the USA.”
Trump turned to Truth Social to express his concerns about the strengthening allegiance, stating: “If the European Union works with Canada in order to do economic harm to the USA, large scale tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had.”
In response to the threat, European Commission President Ursula von der Leyen and Canadian Prime Minister Mark Carney have criticized Trump, with von der Leyen labeling the move as “bad for businesses, worse for consumers,” while Carney termed the tariffs a “direct attack” on Canadian workers.
Both von der Leyen and Carney indicated that retaliatory measures are under consideration. The EU’s 50% tariff on U.S. bourbon has been postponed until mid-April.
Trump’s comments come just hours after he signed an executive order announcing plans to impose a 25% tariff on all imported foreign cars and auto parts, which would significantly impact both Canada and Europe.
By CEO NA Editorial Staff
