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Bernardo de La Paz

(53,690 posts)
Thu Mar 27, 2025, 06:29 AM Thursday

Trump says larger tariffs could be imposed on Canada, EU if they cause US 'economic harm'

Source: Reuters

March 27 (Reuters) - U.S. President Donald Trump said on Thursday that larger tariffs could be placed on the European Union and Canada if they both work together "to do economic harm to the USA."

"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 those two countries has ever had," he said in a post on Truth Social.

On Wednesday, Trump unveiled a 25% tariff on imported vehicles, expanding a global trade war and prompting criticism and threats of retaliation from affected U.S. allies.
...

The new levies on cars and light trucks will take effect on April 3, the day after Trump plans to announce reciprocal tariffs aimed at the countries responsible for the bulk of the U.S. trade deficit. They come on top of duties already introduced on steel and aluminum, and on goods from Mexico, Canada and China.
...


Read more: https://www.reuters.com/markets/trump-says-larger-tariffs-could-be-imposed-canada-eu-if-they-cause-us-economic-2025-03-27/



He alleges trade between Europe and Canada is "doing economic harm" to the US. He has no economic theory other than "Tariffs good, big tariffs better".
12 replies = new reply since forum marked as read
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underpants

(189,587 posts)
1. Board rooms, Wall Street, supply line logistics all left wondering..
Thu Mar 27, 2025, 06:36 AM
Thursday

What?
How much?
When?
Is this really ever going to happen or not?

Buddyzbuddy

(594 posts)
3. The Felon starts a trade war and the countries affected
Thu Mar 27, 2025, 06:52 AM
Thursday

by it, take action in response and this a-hole wants to act like he's the injured party. He's going to be forced to raise tariffs more.
I swear the people that approve of this buffoon either have an over abundance of riches or nothing to lose. Because everybody in between are the ones that are going to "go through some stuff."
I wish he would go play a round of 18 holes during a severe thunder storm.

BeyondGeography

(40,375 posts)
5. And if that doesn't work we can team up with our one remaining friend Russia and blow up the world
Thu Mar 27, 2025, 07:08 AM
Thursday

We’ll show ‘em!

usonian

(16,784 posts)
7. AI versus English major?
Thu Mar 27, 2025, 08:04 AM
Thursday

The headline, I checked, says:

Trump says larger tariffs could be imposed on Canada, EU if they cause US 'economic harm'

The "they" is ambiguous.

It can be read:

Trump says larger tariffs could be imposed on Canada, EU if the tariffs cause US 'economic harm'

And in a sick way, that seems valid.

He thinks so.



Disclaimer: IANAEM. I am not an English major.

Physics.





Bernardo de La Paz

(53,690 posts)
9. It is a single country on tariffs. All countries in the EU apply the same import tariffs
Thu Mar 27, 2025, 10:04 AM
Thursday
Thanks to the customs union the customs authorities of all EU countries work together as if they were one. They apply the same tariffs to goods imported into their territory from outside the EU.


EU is a commonly used shorthand for the European Union group of countries that coordinate their economic measures.

intrepidity

(8,212 posts)
10. But read his quote
Thu Mar 27, 2025, 10:06 AM
Thursday
"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 those two countries has ever had," he said in a post on Truth Social.

BobTheSubgenius

(11,941 posts)
12. Yet his idiotic, grade school level economics tariff programs are benevolent and generous.
Fri Mar 28, 2025, 12:26 PM
Friday

They do Canads, Mexico and all others affected nothing but untold amounts of good and prosperity.

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