President Donald Trump At the beginning of Thursday, large tariffs for the European Union and Canada were threatened when both economies worked together to cause “economic damage to the United States”.
Writing on his truth the social platform, the president warned: “If European Union Working with Canada to inflict economic damage to the United States, large -scale tariffs, much larger than planned now, will be inflicted on both to protect the best friend who had anything in each of these countries! ”
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US President Donald Trump is coming to the White House Cabinet at the White House on March 24, 2025 in Washington, Colombia District. (Win McNamee / Getty Images / Getty Images)
The message comes after the president announced on Wednesday that it will impose 25% tariff on all imported cars.
On Thursday, the European Association of Car Manufacturers (ACEA) issued a statement saying that Trump’s announcement of additional tariffs is “deeply concerned”.
“European automakers invest in the US for decades, creating jobs, promoting economic growth in local communities and bringing large tax revenues for the US government,” CEO of Acea Sigrid De Vries said in a statement. “We urge President Trump to consider the negative impact of tariffs not only on world car manufacturers, but also on US domestic production.”
President Trump views tariffs as a way of attracting tax income To finance your tax reduction plans, simultaneously causing intensification of domestic production.
President Donald Trump signed executive orders by introducing 25 percent tariffs for imported steel and aluminum as part of his constant overhaul US trade relations with the rest of the world. (Jabin Botsford / The Washington Post via Getty Images / Getty Images)
But the wide tariffs of the president exacerbated the trade war with the US allies, especially Canada, Mexico and the EU.
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Earlier this month, Canada, the largest foreign supplier of the steel and aluminum in the United States, announced $ 21 billion in additional tariffs against the US in response to 25% of Trump tariffs on both goods.
US Finance Minister Scott Baby and President Donald Trump look during the White House digital asset summit at the White House State Capital on March 7, 2025. (Anna Moneymaker / Getty Images / Getty Images)
It also caused revenge with the EU, which announced the tariffs for revenge, which will extend to US exports worth $ 28 billion.
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Greg Norman Fox Business and Alex Nietberg contributed to this report.
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2025-03-27 07:45:00
