Escalation of Trade War: Trump and Allies Hit Back
Following the implementation of Trump’s 25% tariffs on all steel and aluminum imports, Canada and the European Union swiftly retaliated with their own tariffs on U.S. goods. Canada announced $21 billion in retaliatory tariffs, targeting a range of American products, while the EU imposed tariffs on items including bourbon and motorbikes. The U.S. spirits industry has warned of potential negative impacts from these retaliatory measures. As the trade war escalates, Trump has vowed to respond assertively, asserting that the U.S. will not stand by as its interests are threatened. The situation continues to develop, with both sides signaling readiness for further actions.
BBC.com, The Associated Press, CNN, Canada.ca, Bloomberg, CBS News, The New York Times, Reuters, PBS NewsHour, Yahoo