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.
He already blinked on the Canada tariffs. Put it off another month. We didn’t even pretend to do anything to appease him this time.
I don’t see that he’s put it off. He’s all over the place about it, as usual, but it’s still a possibility.
https://www.cbc.ca/news/world/tariffs-update-march-4-1.7468442
Bloomberg is reporting it’s pushed back to April 2:
https://www.bnnbloomberg.ca/business/2025/02/26/mexico-peso-canada-dollar-get-boost-after-trump-delays-tariffs/
But you’re right, he’s all over the place about it.
Current reports say you’re right and they’re still on for next week.
If his intent is to cause chaos, he overdid it. It’s impossible to care at this point.
i think the intent is to make people stop caring. “Bury them in a flood of it. Make them clinical depressed.”
canadians should continue to buy canadian or the EU, asian anD SA. remember when china no longer needed soybeans from usa the last tariff he did.
We are. And the retailers are responding by giving non-US stuff more shelf space and not re-stocking with US product where there is an alternate available to them.