Trump Threatens New Eu Tariffs, Outlines Possible April 2 Date for New Mexico, Canada Levies
The US president has threatened new tariffs on the European Union as part of his trade battle with the bloc. Trump said the tariffs would be 25% generally speaking and would target cars and other products, framing the EU as an adversary that has taken advantage of the US. The remarks came after Trump's comments about a deal in Ukraine, suggesting that the EU should contribute more money toward a resolution to the armed conflict.
- This escalation highlights the risks of a trade war between the US and EU, where both sides' economic interests are deeply intertwined, making it difficult for either party to achieve significant concessions without triggering retaliatory measures.
- What role do global economic institutions, such as the World Trade Organization, play in mediating disputes and preventing protectionist policies from escalating into full-blown trade wars?