Summary
Donald Trump has announced plans to impose 25% tariffs on the European Union, claiming the bloc was “formed to screw the United States.”
While details are pending, he suggested the levies would target cars and other imports. The EU, a major U.S. trading partner, has vowed immediate retaliation, with potential tariffs impacting $29.3 billion in exports.
French President Emmanuel Macron had attempted to dissuade Trump, urging focus on China instead.
Critics, including economists and conservative media, warn the tariffs could harm the U.S. economy.
Canada’s plan for the initial round of retaliatory tariffs targets things made in Trump voting states and where there is a similar product made in Canada, or that we can get easily elsewhere, or that we can comfortably do without.
Things like recreational vehicles, and alcohol were at the top of the list, because they tick all the boxes.