As President Donald Trump's trade war ate into consumer confidence last month and ruffled financial markets, talk of a recession is re-entering the American market. Watch this report for more details!

Wall Street Braces For Trump's Tariff Turmoil, Recession Fear Rises

On his Truth Social platform on Friday, Trump avoided condemning Russia’s invasion, which has been denounced as an unjustified crime of aggression under the United Nations Charter.

Russia Ukraine War: Trump Warns Russia Of Heavy Sanctions, Tariffs Over Ukraine Bombing | WION

U.S. President Donald Trump said India has agreed to cut its tariffs “way down” as he reiterated his claim that the country charges America massive tariffs that make it difficult to sell products there.

India US Relation: Trump Says India Want To Reduce Tariffs | Trump News | WION

President Donald Trump has warned that his administration could impose reciprocal tariffs on Canadian dairy and lumber products as early as Friday if Canada does not drop its own tariffs.

Trump has vowed broader reciprocal tariffs as soon as April 2

US President Donald Trump has delayed a portion of the tariffs imposed on Canada and Mexico. The decision comes after financial markets reacted negatively to the sweeping tariffs of up to 25 percent that took effect earlier in the week. But Trump says, ‘he is not even looking at the markets right now… Watch to know more!

Trump's tariff gamble: Tariff uncertainty disrupts US businesses

U.S. President Donald Trump has delayed a portion of the tariffs imposed on Canada and Mexico. The decision comes after financial markets reacted negatively to the sweeping tariffs of up to 25 percent that took effect earlier in the week. But Trump says, ‘he is not even looking at the markets right now… Watch to know more!

Markets slump as U.S. Tariff uncertainty rattles investors

<p>US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect.</p>
<p>President Donald Trump's sharp 25 percent tariffs on US imports from Canada and Mexico -- with a lower rate for Canadian energy -- kicked in Tuesday, sending global markets tumbling.</p>
<p>Ottawa swiftly announced retaliatory tariffs, while Mexico City promised countermeasures were to come.</p>
<p>The US president has nominally cited illegal immigration and fentanyl trafficking in imposing the measures, though he frequently mentions trade imbalances when discussing the issue.</p>
<p>Trump is listening to "offers" from the North American neighbors, Lutnick told Bloomberg Television on Wednesday.</p>
<p>He said he expects an announcement to be made Wednesday afternoon.</p>
<p>Lutnick dismissed the possibility of lifting the levies completely, but said Trump is mulling market segments where he could provide temporary relief.</p>
<p>"The president gets to make the decision," Lutnick said. "But our expectation is that it'll be categories."</p>
<p>"It will be 25 percent but it'll be, there will be some categories left out. It could well be autos, could be others as well," he said.</p>
<p>Lutnick maintained, however, that reciprocal tariffs tailored to each US trading partner are still coming on April 2, as promised by Trump.</p>
<p>The levies could affect Mexico and Canada further, addressing their broader trade with the United States, he said.</p>
<p>Trump has vowed "reciprocal tariffs" targeting friend and foe to remedy potential practices deemed as unfair.</p>
<p>While some of these tariffs could come immediately, Lutnick told Bloomberg that others could take "over a month or two to come online."</p>
<p>This week, Trump also inked an order doubling an additional tariff rate on Chinese imports from 10 percent to 20 percent, also over the country's alleged role in illicit fentanyl entering the United States.</p>
<p>The latest US duties pile atop existing ones on various Chinese products.</p>
<p>Beijing hit back swiftly, condemning Washington's "unilateral imposition" of levies and promising 10 percent and 15 percent tariffs on a range of US agricultural imports.</p>
<p>Economists warn that tariff hikes stand to bog down economic growth and add to inflation in the world's biggest economy.</p>
<p>The mounting trade war could complicate Trump's stated aims of bringing cost of living relief to households.</p>
<p><em>Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.</em></p>

World: Trump's sharp 25 percent tariffs on US imports from Canada and Mexico -- with a lower rate for Canadian energy -- kicked in Tuesday, sending global markets tumbling.

US Commerce Secretary Howard Lutnick said an announcement on Canada and Mexico tariffs was expected later Wednesday, signaling potential relief for specific sectors such as automobiles, a day after the steep levies took effect. President Donald Trump's sharp 25 percent tariffs on US imports from Canada and Mexico -- with a lower rate for Canadian energy -- kicked in Tuesday, sending global markets tumbling. Ottawa swiftly announced retaliatory tariffs, while Mexico City promised countermeasures were to come. The US president has nominally cited illegal immigration and fentanyl trafficking in imposing the measures, though he frequently mentions trade imbalances when discussing the issue. Trump is listening to "offers" from the North American neighbors, Lutnick told Bloomberg Television on Wednesday. He said he expects an announcement to be made Wednesday afternoon. Lutnick dismissed the possibility of lifting the levies completely, but said Trump is mulling market segments where he could provide temporary relief. "The president gets to make the decision," Lutnick said. "But our expectation is that it'll be categories." "It will be 25 percent but it'll be, there will be some categories left out. It could well be autos, could be others as well," he said. Lutnick maintained, however, that reciprocal tariffs tailored to each US trading partner are still coming on April 2, as promised by Trump. The levies could affect Mexico and Canada further, addressing their broader trade with the United States, he said. Trump has vowed "reciprocal tariffs" targeting friend and foe to remedy potential practices deemed as unfair. While some of these tariffs could come immediately, Lutnick told Bloomberg that others could take "over a month or two to come online." This week, Trump also inked an order doubling an additional tariff rate on Chinese imports from 10 percent to 20 percent, also over the country's alleged role in illicit fentanyl entering the United States. The latest US duties pile atop existing ones on various Chinese products. Beijing hit back swiftly, condemning Washington's "unilateral imposition" of levies and promising 10 percent and 15 percent tariffs on a range of US agricultural imports. Economists warn that tariff hikes stand to bog down economic growth and add to inflation in the world's biggest economy. The mounting trade war could complicate Trump's stated aims of bringing cost of living relief to households. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

'Trump's tariffs on Canada, Mexico may get some relief', says commerce secretary

<p>As US President Donald Trump announced coming into effect the tariffs he imposed against Mexico, Canada, and China, eventually it will be affecting the Americans too, as these nations also imposed retaliatory measures against the US.&nbsp;</p>
<p>Whether in groceries, electronic items, or car dealerships, Americans are going to face a lot of trouble as the ongoing trade war will lead to higher prices of these products in the US.&nbsp;</p>
<p>Trump on Monday officially confirmed his decision to implement 25% tariffs on imports from Canada and Mexico starting Tuesday, which will create further trade tensions between the three United States' neighbouring countries and cause substantial market instability.&nbsp;</p>
<p><strong>Also read: <a href="https://www.wionews.com/autonews/trump-imposes-canada-mexico-tariffs-as-trade-war-fears-mount-markets-sink-8777209">Trump imposes Canada, Mexico tariffs as trade war fears mount; markets sink</a></strong></p>
<p>Now, the extra dab of guacamole on your burrito is going to cost more in the coming days as the prices of Mexican avocadoes, beer, and tequila are likely to rise.&nbsp;</p>
<p>Last month, Trump warned that his new tariffs could cause "some pain".</p>
<p>White House trade adviser, Peter Navarro, in an interview with CNBC on Monday, said that the effect of tariffs on consumer goods would be relatively "small", given the Trump administration's simultaneous plans to deregulate industry, reduce the size of the federal government, and expand energy production.</p>
<p>However, trading data and economic studies have suggested that American consumers are likely to see a hike in prices on a wide range of products, including vegetables, meat, cell phones, and cars.&nbsp;</p>
<p>&ldquo;Because of the combination of these three countries, it&rsquo;s going to be difficult to go down an aisle of a grocery store and not see some sort of inflationary effect,&rdquo; said Jason Miller, a professor of supply chain management at Michigan State University.</p>
<p><strong>Also read: <a href="https://www.wionews.com/world/us-president-donald-trump-considering-sanction-relief-for-russia-report-8777720">US President Donald Trump considering sanction relief for Russia: Report</a></strong></p>
<h2>How will grocery prices in US be affected?</h2>
<h3>Fresh produce</h3>
<p>Fresh produce, the maximum of which is imported from Mexico, is one of the first categories that is likely to be affected. The hike in prices is likely to come into effect within a couple of weeks.&nbsp;</p>
<p>These items, including avocados, tomatoes, and strawberries, have a short shelf life. Grocery stores lack substantial inventory, meaning that consumers will quickly find produce that is subject to Trump's tariffs.&nbsp;</p>
<h3>Liquor</h3>
<p>The surge in prices is also going to affect liquor aisles, especially beer and tequila. In 2023, nearly three-quarters of US agricultural imports from Mexico consisted of vegetables, fruits, beverages, and distilled spirits.&nbsp;</p>
<p><strong>Also read: <a href="https://www.wionews.com/world/how-china-is-targeting-us-agriculture-with-retaliatory-tariffs-as-trump-begins-trade-war-8777689">How China is targeting US agriculture with retaliatory tariffs as Trump begins trade war</a></strong></p>
<h3>Agricultural products&nbsp;</h3>
<p>The US has been importing a wide range of agricultural products from Canada, including meat and grains.&nbsp;</p>
<p>Moreover, maple syrup would also become even more costlier as Canada accounts for roughly 70 per cent of global maple syrup production. Notably, more than 60 per cent of its maple exports went to the US in 2023.&nbsp;</p>
<h3>Car prices&nbsp;</h3>
<p>The incoming tariffs are also going to affect car prices for Americans. This is because auto manufacturers ship tens of billions of dollars worth of finished vehicles as well as engines, transmissions, and other components.&nbsp;</p>
<p>Meanwhile, goods worth billions of dollars are imported from Chinese part manufacturers.</p>
<p><strong>Also read: <a href="https://www.wionews.com/world/canada-to-impose-retaliatory-tariffs-on-us-says-trudeau-8776043">'Americans will pay more for groceries, lose jobs'; Canada set to impose retaliatory tariffs on US</a></strong></p>
<p><em>(With inputs from agencies)</em></p>

World: Whether in groceries, electronic items, or car dealerships, Americans are going to face a lot of trouble as the ongoing trade war will cause a hike in prices.

As US President Donald Trump announced coming into effect the tariffs he imposed against Mexico, Canada, and China, eventually it will be affecting the Americans too, as these nations also imposed retaliatory measures against the US. Whether in groceries, electronic items, or car dealerships, Americans are going to face a lot of trouble as the ongoing trade war will lead to higher prices of these products in the US. Trump on Monday officially confirmed his decision to implement 25% tariffs on imports from Canada and Mexico starting Tuesday, which will create further trade tensions between the three United States' neighbouring countries and cause substantial market instability. Also read: Trump imposes Canada, Mexico tariffs as trade war fears mount; markets sink Now, the extra dab of guacamole on your burrito is going to cost more in the coming days as the prices of Mexican avocadoes, beer, and tequila are likely to rise. Last month, Trump warned that his new tariffs could cause "some pain". White House trade adviser, Peter Navarro, in an interview with CNBC on Monday, said that the effect of tariffs on consumer goods would be relatively "small", given the Trump administration's simultaneous plans to deregulate industry, reduce the size of the federal government, and expand energy production. However, trading data and economic studies have suggested that American consumers are likely to see a hike in prices on a wide range of products, including vegetables, meat, cell phones, and cars. “Because of the combination of these three countries, it’s going to be difficult to go down an aisle of a grocery store and not see some sort of inflationary effect,” said Jason Miller, a professor of supply chain management at Michigan State University. Also read: US President Donald Trump considering sanction relief for Russia: Report How will grocery prices in US be affected? Fresh produce Fresh produce, the maximum of which is imported from Mexico, is one of the first categories that is likely to be affected. The hike in prices is likely to come into effect within a couple of weeks. These items, including avocados, tomatoes, and strawberries, have a short shelf life. Grocery stores lack substantial inventory, meaning that consumers will quickly find produce that is subject to Trump's tariffs. Liquor The surge in prices is also going to affect liquor aisles, especially beer and tequila. In 2023, nearly three-quarters of US agricultural imports from Mexico consisted of vegetables, fruits, beverages, and distilled spirits. Also read: How China is targeting US agriculture with retaliatory tariffs as Trump begins trade war Agricultural products The US has been importing a wide range of agricultural products from Canada, including meat and grains. Moreover, maple syrup would also become even more costlier as Canada accounts for roughly 70 per cent of global maple syrup production. Notably, more than 60 per cent of its maple exports went to the US in 2023. Car prices The incoming tariffs are also going to affect car prices for Americans. This is because auto manufacturers ship tens of billions of dollars worth of finished vehicles as well as engines, transmissions, and other components. Meanwhile, goods worth billions of dollars are imported from Chinese part manufacturers. Also read: 'Americans will pay more for groceries, lose jobs'; Canada set to impose retaliatory tariffs on US (With inputs from agencies)

Avocados, maple syrup to cars: How US tariffs will hurt Americans as trade war begins

The global ocean shipping industry, responsible for handling 80 percent of world trade, is facing a wave of uncertainty. Trade tensions fueled by US Policies are disrupting supply chains and impacting major players.

US Tariffs, Geopolitics Threaten $9 TN Shipping Industry

Global think tank GTRI has proposed a ‘zero-for-zero’ tariff strategy to India which is expected to counter planned reciprocal tariff hikes by the US. According to the Global Trade Research Initiative, the strategy involves eliminating tariffs on industrial goods without a full trade agreement, aiming to prevent aggressive tariff increases.

Can zero-tariff plan ease India-US trade tensions?

GTRI proposes 'zero-for-zero' tariff strategy to India

Former US President Donald Trump has proposed new universal tariffs of 25% on autos, drugs, and chips, suggesting that they could be implemented as early as April. This proposal marks an escalation in his tariff rhetoric. In response, India has called for a bilateral meeting with the United States to discuss trade relations and address the concerns arising from the proposed tariffs. Watch in for more details

Trump escalates tariff threat with new 25% universal tax

US President Donald Trump plans to impose a 25% tariff on imports of autos, drugs, and chips. The move has prompted India, Japan, and other nations to negotiate trade terms with the US. Trump’s new tariff plan aims to enforce stricter trade policies globally.

Trump escalates tariff threat with 25% tax on imports

There is a major shake-up in global trade as U.S. President Donald Trump moves forward with his "Fair and Reciprocal Plan." This new strategy aims to level the playing field for American businesses by imposing tariffs that match or exceed those placed on U.S. goods by other countries.

Trump reshaping the global tariff landscape?

Taiwan is taking bold steps to address growing trade tensions with the United States. In 2024, the island's trade surplus with the U.S. surged by 83 percent, reaching a record 64.9 billion dollars. In response to U.S. President Donald Trump's threat to impose tariffs of up to 100 percent on Taiwan’s semiconductor chips, the country has committed to increasing investments in the U.S. to strengthen bilateral trade relations.

Taiwan responds to Trump’s chip tariff threat

U.S. President Donald Trump announces a new “reciprocal tariffs” plan aimed at balancing trade with both allies and rivals. Trump signed a memorandum emphasizing that some allies treat the U.S. worse than enemies in trade practices. The move is set to spark global trade debates.

Trump’s reciprocal tariff plan targets allies and rivals alike

The first set of interest rate moves by major central banks in 2025 indicate that it will be a year in which heavyweight economies, both developed and emerging, will diverge for a period. 2024 saw the biggest coordinated global interest rate cut since the financial crisis—almost 15 years ago—as inflation was reined in. However, the current round in 2025 has begun with policymakers maneuvering through an uncertain economic backdrop.

Tariff wars put central banks under pressure

<p>Canada, Mexico and the EU slammed US President Donald Trump for imposing 25 per cent tariffs on steel and aluminium imports, escalating the trade war with the countries.</p>
<p>Trump signed executive orders on Monday (Feb 10), directing taxes on imports of metals from March 12 this year.</p>
<h2><strong>Canada, Mexico, and EU call tariffs &lsquo;unjustified&rsquo;</strong></h2>
<p>Canada and the European Union vowed to retaliate to Trump&rsquo;s &ldquo;unjustified&rdquo; decision.</p>
<p>During the artificial intelligence summit in Paris, Canadian Prime Minister Justin Trudeau said such tariffs would be &ldquo;entirely unjustified&rdquo;.</p>
<p><strong>Also read | </strong><a href="https://www.wionews.com/world/trump-signs-executive-orders-to-impose-tariffs-on-steel-aluminium-8709152"><strong>Trump signs executive orders to impose tariffs on steel, aluminium</strong></a></p>
<p>&ldquo;Our response will of course be firm and clear,&rdquo; Trudeau told AFP. Canadian steelmakers have warned of &ldquo;massive&rdquo; disruption following the recent announcement made by Trump.</p>
<p>Mexico, which is the third-largest steel exporter to the US, urged Trump to not &ldquo;destroy&rdquo; the four-decades-old trade ties between the North American nations.</p>
<p>Meanwhile, European Commission chief Ursula von der Leyen in Brussels warned Trump that &ldquo;unjustified tariffs on the EU... will trigger firm and proportionate countermeasures.&rdquo;</p>
<p><strong>Also read | <a href="https://www.wionews.com/world/donald-trump-bars-this-news-agency-from-oval-office-in-punishment-for-not-using-the-name-gulf-of-america-8712551">Donald Trump bars THIS news agency from Oval Office as 'punishment' for not using the name 'Gulf of America'</a></strong></p>
<p>EU trade ministers will discuss their next moves regarding the issue on Wednesday (Feb 12). Trudeau will be holding separate discussions with top officials in Brussels.</p>
<h2><strong>Other nations react to Trump&rsquo;s new tariffs</strong></h2>
<p>Brazil, the second largest exporter of steel to the US, has expressed no intention of engaging in a trade war with the US, a government minister said on Tuesday (Feb 11). This starkly different statement comes a month after President Luiz Inacio Lula da Silva vowed to retaliate if Trump hit Brazil with tariffs.</p>
<p>On the other hand, Prime Minister Anthony Albanese said on Tuesday (Feb 11) that Trump is considering an exception for Australia from imposing tariffs on steel after speaking with the US president.</p>
<p><strong>Also read | <a href="https://www.wionews.com/world/ahead-of-pm-modis-us-visit-trumps-top-economic-adviser-calls-indias-tariffs-enormously-high-8708633">Ahead of PM Modi&rsquo;s US visit, Trump&rsquo;s top economic adviser calls India&rsquo;s tariffs &lsquo;enormously high&rsquo;</a></strong></p>
<p>&ldquo;The US president agreed that an exemption was under consideration in the interests of both of our countries,&rdquo; he said.</p>
<p>A similar request has been made to the US by Japan, according to Tokyo's top government spokesman.</p>
<p>&ldquo;We are aware of the presidential order about additional tariffs on steel and aluminium were issued... we have requested to the US government to exclude our country from the measures,&rdquo; Yoshimasa Hayashi told reporters on new tariffs imposed by Trump.</p>
<p><strong>Also read | <a href="https://www.wionews.com/world/trump-grants-musk-veto-power-over-federal-hirings-orders-agencies-to-comply-with-doge-directives-in-sweeping-executive-order-8712476">Trump grants Musk veto power over federal hirings, orders agencies to comply with DOGE directives</a></strong></p>
<p>South Korea has also vowed to protect its companies&rsquo; interests. Acting President Choi Sang-mok said Seoul would seek to build &ldquo;a close relationship with the Trump administration and expanding diplomatic options&rdquo; to reduce uncertainties.</p>
<p>A spokesman for UK Prime Minister Keir Starmer said London was &ldquo;engaging with our US counterparts to work through&rdquo; the details of the new tariffs announced by Trump.</p>
<p>Under the new tariff policy, 25 per cent levies will remain on steel, while import taxes on aluminium will be increased to 25 per cent from the current 10 per cent.</p>
<p><em>(With inputs from agencies)</em></p>

World | Canada and the European Union vowed to retaliate to Trump’s “unjustified” decision. During the artificial intelligence summit in Paris, Canadian Prime Minister Justin Trudeau said such tariffs would be “entirely unjustified”.

Canada, Mexico and the EU slammed US President Donald Trump for imposing 25 per cent tariffs on steel and aluminium imports, escalating the trade war with the countries. Trump signed executive orders on Monday (Feb 10), directing taxes on imports of metals from March 12 this year. Canada, Mexico, and EU call tariffs ‘unjustified’ Canada and the European Union vowed to retaliate to Trump’s “unjustified” decision. During the artificial intelligence summit in Paris, Canadian Prime Minister Justin Trudeau said such tariffs would be “entirely unjustified”. Also read | Trump signs executive orders to impose tariffs on steel, aluminium “Our response will of course be firm and clear,” Trudeau told AFP. Canadian steelmakers have warned of “massive” disruption following the recent announcement made by Trump. Mexico, which is the third-largest steel exporter to the US, urged Trump to not “destroy” the four-decades-old trade ties between the North American nations. Meanwhile, European Commission chief Ursula von der Leyen in Brussels warned Trump that “unjustified tariffs on the EU... will trigger firm and proportionate countermeasures.” Also read | Donald Trump bars THIS news agency from Oval Office as 'punishment' for not using the name 'Gulf of America' EU trade ministers will discuss their next moves regarding the issue on Wednesday (Feb 12). Trudeau will be holding separate discussions with top officials in Brussels. Other nations react to Trump’s new tariffs Brazil, the second largest exporter of steel to the US, has expressed no intention of engaging in a trade war with the US, a government minister said on Tuesday (Feb 11). This starkly different statement comes a month after President Luiz Inacio Lula da Silva vowed to retaliate if Trump hit Brazil with tariffs. On the other hand, Prime Minister Anthony Albanese said on Tuesday (Feb 11) that Trump is considering an exception for Australia from imposing tariffs on steel after speaking with the US president. Also read | Ahead of PM Modi’s US visit, Trump’s top economic adviser calls India’s tariffs ‘enormously high’ “The US president agreed that an exemption was under consideration in the interests of both of our countries,” he said. A similar request has been made to the US by Japan, according to Tokyo's top government spokesman. “We are aware of the presidential order about additional tariffs on steel and aluminium were issued... we have requested to the US government to exclude our country from the measures,” Yoshimasa Hayashi told reporters on new tariffs imposed by Trump. Also read | Trump grants Musk veto power over federal hirings, orders agencies to comply with DOGE directives South Korea has also vowed to protect its companies’ interests. Acting President Choi Sang-mok said Seoul would seek to build “a close relationship with the Trump administration and expanding diplomatic options” to reduce uncertainties. A spokesman for UK Prime Minister Keir Starmer said London was “engaging with our US counterparts to work through” the details of the new tariffs announced by Trump. Under the new tariff policy, 25 per cent levies will remain on steel, while import taxes on aluminium will be increased to 25 per cent from the current 10 per cent. (With inputs from agencies)

Trump’s steel, aluminium tariffs draw criticism from Canada, Mexico, EU

Global markets are exuding a sense of resilience despite the fog of uncertainties. U.S. 'big tech' stock prices have fallen, the value of the safe-haven yen has soared to new heights, and fears of a worldwide trade war have taken hold. But risk assets are showing the ability to bounce back.

Markets see positives in fog of uncertainty

US Postal Service suspends incoming parcels from China and Hong Kong. Service temporarily suspended after Trump imposed fresh tariffs targeting Beijing. Halt follows Trump's order for an additional 10 percent levy on Chinese imports. Trump’s order also eliminated a duty-free exemption for low-value packages. Watch this report for more details!

Trump trade war: US postal service suspends incoming parcels from China, Hong Kong

European Union trade head Maros Sefcovic said the union wanted to engage with the U.S. Quickly over trump's planned tariffs. His boss, Ursula von der Leyen, emphasized that the group would defend its interests in the discussions.

The tariff on/off switch reflects bluster diplomacy

EU wants to engage swiftly with the United States on tariffs

Former President Trump halts tariffs on Mexico, while prospects for similar relief remain uncertain for China and Canada amid ongoing trade tensions.

Trump suspends tariffs on Mexico, dim prospects for China and Canada

US President Donald Trump delayed the start of tariffs on Mexico and Canada for a month Monday after the US neighbors struck last-minute deals to tighten border measures. Watch this report for more details!

Donald trump announces 30-day halt in Canada, Mexico tariffs

After initiating a tariff war against Canada, Mexico, and China, U.S. President Donald Trump has spoken to Canada's Prime Minister Justin Trudeau. Trump posted about this crucial development on social media, saying that he will speak to Trudeau again. Watch to know more.

Trump slaps new tariffs; Canada, Mexico, and China retaliate

In a live address, Canadian Prime Minister Justin Trudeau delivers a strong warning to American citizens about the consequences of President Trump’s tariffs. He highlights the potential risks to U.S. jobs, security, and everyday costs like food and gas. Trudeau also emphasizes that the tariffs violate the Free Trade Agreement, escalating tensions in the ongoing Canada-U.S. trade dispute. Watch to know more!

Trump Trade War: Canada And Mexico Vow Retaliation, Markets Rocked By Face-Off

Canada and Mexico ordered retaliatory tariffs on American goods in response to sweeping tariffs imposed by President Donald Trump. Watch this report for more details!

Canada and Mexico respond with retaliatory tariff on US Goods

In response to recent US trade measures, Canada and Mexico have imposed retaliatory tariffs on American goods, escalating trade tensions across North America. The move is expected to impact a range of industries and goods.

Canada, Mexico respond with retaliatory tariffs on US Goods

Canada and Mexico order retaliatory tariffs on US as Trump's tariffs spur trade war

US President Donald Trump once again suggests that Canada should become a US state, as tensions rise with both Mexico and Canada over newly imposed tariffs, adding strain to North American relations.

Donald Trump's tariffs on Canada, China and Mexico shake global markets

<div>The European Union insisted Sunday it would retaliate "firmly" if US President Donald Trump hit it with tariffs, as Brussels decried his sweeping measures against Canada, Mexico and China.</div>
<div></div>
<div>Brussels until now has said it hopes to avoid a trade conflict with Trump through negotiation.</div>
<div></div>
<div>But on Friday the US leader doubled down by saying he "absolutely" planned to target the EU in future, after first slapping levies on his North American neighbours and China.</div>
<div></div>
<div>"The European Union regrets the US decision to impose tariffs on Canada, Mexico and China," said a spokesman for the European Commission.</div>
<div></div>
<div>"Tariffs create unnecessary economic disruption and drive inflation. They are hurtful to all sides."</div>
<div></div>
<div>The spokesman said, "The EU would respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods".</div>
<div></div>
<div>"At this time, we are not aware of any additional tariffs being imposed on EU products," he added.</div>
<div></div>
<div>Also read | <strong><a href="https://www.wionews.com/world/top-10-world-news-trump-says-tariff-pain-worth-it-cbs-to-hand-over-harris-interview-transcript-and-more-8684583">Top 10 world news: Trump says tariff pain 'worth it': CBS to hand over Harris interview transcript, and more</a></strong></div>
<div></div>
<div>He said the 27-nation EU remained committed to low tariffs to "drive growth and economic stability within a strong, rules-based trading system".</div>
<div></div>
<div>And he reiterated the EU's commitment to its trade and investment relationship with the United States -- "the biggest in the world".</div>
<div></div>
<div>"There is a lot at stake," said the spokesman. "We should both be looking at strengthening this relationship."</div>
<div></div>
<div>Trump has not hidden his enmity for the EU, accusing it of treating the United States "very, very unfairly" on trade.</div>
<div></div>
<div>Also read | <strong><a href="https://www.wionews.com/world/pain-but-worth-the-price-for-americans-trump-says-as-canada-mexico-hit-back-over-tariffs-row-8684487">'Pain, but worth the price' for Americans: Trump says as Canada, Mexico hit back over tariffs row</a></strong></div>
<div></div>
<div>Tensions have also risen over his repeated insistence that he wants to take Greenland from EU member Denmark.</div>
<div></div>
<div>Back in 2018, during his first term, Trump imposed tariffs on European steel and aluminium exports -- leading the EU to respond with its own higher duties.</div>
<div></div>
<div>As a result, Europe has been gaming out scenarios for months to ensure it is ready this time around, should it decide to unleash a new trade conflict with the bloc.</div>
<div></div>
<h2><strong>'Not help anybody'</strong></h2>
<div>EU diplomats and officials insist they stand united and have the tools to respond to any Trump measures -- but experts also point to likely cracks if he ups the pressure.</div>
<div></div>
<div>Economic powerhouse Germany -- facing a fraught election this month and a sluggish economy -- has been squeamish over tariffs.</div>
<div></div>
<div>Trump is also likely to try to play the interests of the individual EU states off against each other.</div>
<div></div>
<div>Some European leaders have already been jostling to get closer to him, with Italy's Giorgia Meloni leading the pack.</div>
<div></div>
<div>Italian Foreign Minister Antonio Tajani wrote Sunday that a "tariff war does not help anybody", saying Italy has ideas to protect its companies and that Rome will be a mediator with Washington.</div>
<div></div>
<div>Also read | <strong><a href="https://www.wionews.com/world/that-train-has-left-trump-reacts-after-us-state-departments-trans-search-results-suggests-trains-8684279">&lsquo;That train has left&rsquo;: Trump reacts after US State Department&rsquo;s &lsquo;trans&rsquo; search results suggests &lsquo;trains&rsquo;</a></strong></div>
<div></div>
<div>EU officials remain hopeful they can talk Trump out of pulling the tariff trigger.</div>
<div></div>
<div>European Commission chief Ursula von der Leyen back in November floated a potential plan to keep Trump on the side: buying more liquefied natural gas from the United States.</div>
<div></div>
<div>That has been billed as a potential win-win by Brussels as it would help the bloc ditch supplies from Russia while also placating the US leader.</div>
<div></div>
<div>Trump himself has demanded the EU buy more US oil and gas -- while also complaining the bloc does not import enough American cars and farm products.</div>
<div></div>
<div>EU leaders are expected to discuss the looming tariff threat from Trump in Brussels on Monday at a gathering intended to focus on defence issues.</div>
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<div>American military might still underpin European security through NATO, and US allies nervously eyeing Russia fear that riling Trump could threaten Washington's role in protecting their continent.</div>
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<div><em>Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.</em></div>
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World: The European Union vows strong retaliation if President Trump enforces tariffs, highlighting tensions over his trade measures impacting Canada, Mexico, and China.

The European Union insisted Sunday it would retaliate "firmly" if US President Donald Trump hit it with tariffs, as Brussels decried his sweeping measures against Canada, Mexico and China. Brussels until now has said it hopes to avoid a trade conflict with Trump through negotiation. But on Friday the US leader doubled down by saying he "absolutely" planned to target the EU in future, after first slapping levies on his North American neighbours and China. "The European Union regrets the US decision to impose tariffs on Canada, Mexico and China," said a spokesman for the European Commission. "Tariffs create unnecessary economic disruption and drive inflation. They are hurtful to all sides." The spokesman said, "The EU would respond firmly to any trading partner that unfairly or arbitrarily imposes tariffs on EU goods". "At this time, we are not aware of any additional tariffs being imposed on EU products," he added. Also read | Top 10 world news: Trump says tariff pain 'worth it': CBS to hand over Harris interview transcript, and more He said the 27-nation EU remained committed to low tariffs to "drive growth and economic stability within a strong, rules-based trading system". And he reiterated the EU's commitment to its trade and investment relationship with the United States -- "the biggest in the world". "There is a lot at stake," said the spokesman. "We should both be looking at strengthening this relationship." Trump has not hidden his enmity for the EU, accusing it of treating the United States "very, very unfairly" on trade. Also read | 'Pain, but worth the price' for Americans: Trump says as Canada, Mexico hit back over tariffs row Tensions have also risen over his repeated insistence that he wants to take Greenland from EU member Denmark. Back in 2018, during his first term, Trump imposed tariffs on European steel and aluminium exports -- leading the EU to respond with its own higher duties. As a result, Europe has been gaming out scenarios for months to ensure it is ready this time around, should it decide to unleash a new trade conflict with the bloc. 'Not help anybody' EU diplomats and officials insist they stand united and have the tools to respond to any Trump measures -- but experts also point to likely cracks if he ups the pressure. Economic powerhouse Germany -- facing a fraught election this month and a sluggish economy -- has been squeamish over tariffs. Trump is also likely to try to play the interests of the individual EU states off against each other. Some European leaders have already been jostling to get closer to him, with Italy's Giorgia Meloni leading the pack. Italian Foreign Minister Antonio Tajani wrote Sunday that a "tariff war does not help anybody", saying Italy has ideas to protect its companies and that Rome will be a mediator with Washington. Also read | ‘That train has left’: Trump reacts after US State Department’s ‘trans’ search results suggests ‘trains’ EU officials remain hopeful they can talk Trump out of pulling the tariff trigger. European Commission chief Ursula von der Leyen back in November floated a potential plan to keep Trump on the side: buying more liquefied natural gas from the United States. That has been billed as a potential win-win by Brussels as it would help the bloc ditch supplies from Russia while also placating the US leader. Trump himself has demanded the EU buy more US oil and gas -- while also complaining the bloc does not import enough American cars and farm products. EU leaders are expected to discuss the looming tariff threat from Trump in Brussels on Monday at a gathering intended to focus on defence issues. American military might still underpin European security through NATO, and US allies nervously eyeing Russia fear that riling Trump could threaten Washington's role in protecting their continent. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

US: EU stands firm as Trump unleashes tariffs

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