Trump threatens more tariffs after EU, Canada retaliate

President Donald Trump threatened even more tariffs on imports from the European Union after Canada and the EU said they would impose tens of billions of dollars’ worth of duties on the US.

Canada announced reciprocal tariffs worth $20 billion on steel products. It also increased prices of computers, sports equipment, and more.

Canada’s Prime Minister-designate Mark Carney said he is open to talks but expects respect for their sovereignty. Global markets remain steady despite trade tensions.

Meanwhile, the EU plans to target $28 billion in US exports, including bourbon and bathrobes, starting in April.

Investor, consumer, and business confidence drops
A Reuters/Ipsos poll found that 57% of Americans view Trump’s trade policies as erratic, and 70% expect higher consumer prices.