President Trump has suggested that the expected new round of tariffs on April 2 will not be as severe as initially planned. He said, “I’ll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people.”
He has followed through with his 25% tariff on all imported vehicles, as well as issuing a new round of threats to the EU and Canada that if they plan “economic harm” he will raise the tariff rates in response.
Trump warns of greater EU, Canada tariffs if they plan “economic harm” against US– seekingalpha.com
Source Link
Excerpt:
U.S. President Donald Trump said on Truth Social on Thursday that his administration would impose greater tariffs on the EU and Canada if they collaborate to do “economic harm” to the country.
“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!” Trump posted.
This marks the latest escalation of Trump’s tariff war with the world.
European Commission President Ursula von der Leyen responded to Trump’s statement, reiterating that “Tariffs are taxes – bad for businesses, worse for consumers equally in the U.S. and the EU.”
About The Author
