Things are ramping up…
President Donald Trump early Thursday threatened even larger tariffs on the European Union and Canada.
Writing on his Truth Social platform, the president warned:
“If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of these countries has ever had!”
The post comes after the president announced on Wednesday he would impose a 25% tariff on all imported autos.
The European Automobile Manufacturers’ Association (ACEA) issued a statement Thursday saying it was “deeply concerned” by Trump’s announcement of additional tariffs.
“European automakers have been investing in the US for decades, creating jobs, fostering economic growth in local communities, and generating massive tax revenue for the US government,” ACEA Director General, Sigrid de Vries said in a statement. “We urge President Trump to consider the negative impact of tariffs not only on global auto makers but on US domestic manufacturing as well.”
Earlier this month, Canada – the biggest foreign supplier of steel and aluminum to the U.S. – announced $21 billion in additional tariffs against the U.S. in response to Trump’s 25% tariffs on both commodities.
Tell us what you think in the comments below!
Canada has lived large off of US far too long. Time for these socialists to realize how their failed policies are negatively going to affect them. Reality comes into view suddenly and unexpectedly.
I agree, the USA can live without Canada, but can Canada live without the USA? They might think so but I doubt it can. They will cry, moan, belly ach, and then try to shut off our access via roads to Alaska but what will that do but create more limitations for Canadian Trade. The way that the US will get around the access to Canada is a fleet of ships to take the same materials out of Seattle or via aircraft. Remember the Berline Air Lift. that didn’t work either. Canadians need to get rid of the Socialist trying take over their nation, the US needs to do the same. Socialism DOES NOT work which has been proven over and over again. All it does is lie to you about how good it will be when in fact all it really does is put a bigger divide between those that rule and making a larger working class. If Canada really wants to continue trade relations with the US, all it needs to do is remove all Tarriffs and the US Tarriffs will be immediately removed as well. As long and porus as our border is we still need to call it a border or National Soverignty and respect all the rules and regulations that go with that. One being immigration Rules. Neither of us can accept illegal immigrants crossing willy-nilly. The problem with illegal drug transportation must be addressed and laws upheld. Too many people are dying from the lack of trying. I love Canada and have been to all but 1 of the Provinces. Perhaps Canadians should counter Trumps proposals of making Canada another state with Canada will propose that they make the USA a new Province called “Yallcrazy”.