Donald Trump Warns EU and Canada of Heavy Tariffs if They "Harm US Economically"
Date: 27-mar-2025
Donald Trump Warns EU and Canada of Heavy Tariffs if They "Harm US Economically"
In a late-night post on Truth Social, US President Donald Trump issued a bold warning to the European Union and Canada, threatening massive tariffs if either nation engages in coordinated actions that economically harm the United States. The statement, which follows a wave of controversial trade moves, is the latest escalation in Trump’s renewed protectionist agenda.
Trump’s Statement on Tariffs: “Protecting Our Economic Interests”
“If the European Union works with Canada to do economic harm to the USA, large-scale Tariffs, far larger than currently planned, will be placed on them both to protect the best friend that each of those two countries has ever had!”
Trump wrote on his Truth Social platform late Wednesday night.
Earlier that day, President Trump announced 25% tariffs on all cars and light trucks not built on US soil. This move includes critical auto parts and is expected to have significant impacts on global car manufacturers and consumers alike.
Economic Fallout and Global Reactions
Trump’s new tariffs are set to take effect at 12:01 a.m. (0401 GMT) on April 3, 2025. The announcement caused an immediate reaction in financial markets. Wall Street slumped, while global automaker stocks—including Toyota—took a sharp dive.
Also Read
- 25% tariff applies to all foreign-built cars and light trucks
- Key auto components will also be taxed within the month
- Further tariffs are expected on pharmaceuticals, semiconductors, and lumber
Canada, EU, and Industry Voices Respond
Canadian and EU trade officials have not yet issued formal statements but are reportedly coordinating a response. Meanwhile, Tesla CEO and Trump ally Elon Musk voiced concerns, posting on X: “The cost impact is not trivial. This will affect the price of parts in Tesla cars that come from other countries.”
Countdown to Trump’s "Liberation Day"
The announcement also comes ahead of what Trump’s campaign is calling “Liberation Day” for the American economy on April 2, when additional economic policies and trade restrictions are expected to be unveiled.
As tensions rise globally, trade partners are bracing for what could become a new phase of tariff wars, with potentially massive implications for global supply chains, auto prices, and diplomatic relations.
With global trade stability hanging in the balance, all eyes will be on Washington in the coming days as the US reasserts its “America First” economic stance under Trump’s leadership.
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