Trump threatened Canada and the European Union with “extensive tariffs, much greater than currently planned” if they cooperate on “economic harm” to the United States, AFP reports. This comes after the EU Canada killed Trump’s latest step of introducing 25% of tariffs on imported cars.
“If the European Union is working with Canada to cause US economic damage, they will be much greater than the best friend that each of these two countries,” Trump said on Trump. The euro briefly disintegrated a small profit and the Canadian dollar fell.
Trump’s note comes after the Canadian premiere of Mark Carney’s France and British visit last week, which was his first foreign trip to build a closer alliance with European allies. “I want to ensure that France and all Europe enthusiastically cooperate with Canada, most European non -European countries,” Carney said in Paris.
According to Bloomberg, the EU is considering countermeasures in response, while France is looking for the European Commission to think about using its most difficult business weapons against Corcion-Popparts for the first time. The report states that other industry -specific tariffs are also in pipes that consist of lumber, semiconductors and pharmaceutical drugs.
Canada and EU respond to 25% of the imported Trumpa automotive rates
Canada strongly protested Trump’s announcement, and PM Carney said, “We will defend our workers. We will defend our companies. We will defend our country. Canada will be there for automobile workers. He (Trump) wants to break us to own us.
While the President of the European Commission Ursula von der Leyen criticized the last move of Trump and warned that it could escalate tension. According to reports, she said, “I regret the US decision to store tariffs on European automation exports.” The EU will require negotiations in the protection of its economic interests, she said. “As the main business force and a strong community of 27 Member States, we will jointly protect our workers, businesses and consumers throughout our European Union,” added von der Leyen.
According to the White House, this movement will strengthen home production. Trump said, “This will continue to stimulate growth. We will effectively charge 25 % tariff.”
(With AP and Bloomberg inputs)
(Tagstotranslate) tariff
