Trump Threatens Steeper Tariffs on EU, Canada Over Alleged Anti-U.S. Moves

Trump Threatens Heavier Tariffs on EU, Canada Over Alleged Economic Moves Against U.S.

President Donald Trump has warned that he will escalate tariffs on imports from the European Union (EU) and Canada if they engage in actions he views as detrimental to the U.S. economy.

“If the European Union collaborates with Canada to inflict economic harm on the USA, massive tariffs—far greater than those currently planned—will be imposed on both nations to safeguard America’s interests!” Trump wrote on Truth Social late Wednesday night.

Markets showed little immediate reaction to the statement. Bitcoin (BTC) remained below $88,000, Germany’s DAX futures dipped 0.3%, and U.S. stock futures remained flat to slightly positive.

Market analysts believe the restrained response may be attributed to Federal Reserve Chairman Jerome Powell’s recent remarks suggesting that any inflationary effects from tariffs would likely be temporary rather than a long-term drag on the economy.

  • Related Posts

    Robinhood’s fourth-quarter revenue comes in below estimates as digital asset volumes decline.

    Robinhood’s crypto business took a hit in Q4, as falling digital asset prices weighed on trading activity despite the company’s expansion of crypto features. The brokerage reported $221 million in…

    Continue reading
    Bithumb says major internal control failures created exposure to possible system interference.

    South Korea’s Bithumb has admitted that serious internal control failures led to the accidental transfer of bitcoin worth more than $40 billion to customers, an incident that briefly disrupted trading…

    Continue reading