Summary

Trump threatened “far larger” tariffs on the EU and Canada if they unite to harm the U.S. after announcing a 25% tariff on foreign-made cars and parts, effective April 2 and May respectively.

The tariffs aim to boost U.S. car production but may inflate prices by $5k-$10k per vehicle, harming both U.S. and foreign automakers.

Canada condemned the move as a “direct attack,” while the EU signaled potential retaliation.

Global markets reacted negatively, with car stocks dropping amid fears of escalating trade tensions.

  • ProfHillbilly@lemmy.world
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    4 days ago

    Canada-EU please please please do as much harm to the US as possible. The only way we can come out of this better is to make the morons, both the voter and nonvoter, who did this to us suffer as much as possible so they can see Shitler and Muskalenni for what they are. Make us suffer.