(Reuters) – President Donald Trump stated on Thursday that bigger tariffs may very well be positioned on the European Union and Canada in the event that they each work collectively “to do financial hurt to the USA.”
“If the European Union works with Canada with the intention to do financial hurt to the USA, giant scale tariffs, far bigger than at the moment deliberate, will probably be positioned on them each with the intention to shield the most effective pal that every of these two international locations has ever had,” he stated in a post on Truth Social.
On Wednesday, Trump unveiled a 25% tariff on imported vehicles, increasing a worldwide commerce warfare and prompting criticism and threats of retaliation from affected U.S. allies.
Read more: The latest on Trump’s tariffs
European Fee President Ursula von der Leyen described the transfer as “unhealthy for companies, worse for customers,” whereas Canadian Prime Minister Mark Carney labeled the tariffs a “direct assault” on Canadian employees and stated retaliatory measures had been being thought-about.
The brand new levies on automobiles and lightweight vans will take impact on April 3, the day after Trump plans to announce reciprocal tariffs aimed on the international locations accountable for the majority of the U.S. commerce deficit. They arrive on prime of duties already launched on metal and aluminum, and on items from Mexico, Canada and China.
The EU has stated it can delay its first set of counter-measures to mid-April, together with a 50% tariff on U.S. bourbon. In response, Trump threatened to slap a 200% tariff on all wines and different alcoholic merchandise from the EU if the bloc went forward with this.
(Reporting by Surbhi Misra and Shubham Kalia in Bengaluru; Enhancing by Himani Sarkar)
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