Trump Escalates Trade Tensions with EU, Canada, Mexico, and China

The U.S. President announces steep tariffs and accuses trade partners of unfair practices, sparking threats of retaliation and economic concerns.

Donald Trump plans to impose 25% tariffs on EU imports, including cars, citing alleged unfair trade practices by the European Union.
Tariffs of 25% on goods from Canada and Mexico are set to take effect on April 2, following previous delays tied to negotiations over drug trafficking and migration issues.
China faces additional tariffs as Trump doubles existing duties, with Beijing vowing countermeasures to protect its interests.
EU leaders and officials have pledged decisive retaliation, warning of significant economic consequences and a potential transatlantic trade war.
Financial markets reacted negatively to the announcements, with major indices and company stocks in affected industries experiencing sharp declines.