Trump threatens ‘much larger’ tariffs in the EU and Canada

The president of the United States, Donald Trump, threatened to impose “much larger” tariffs on the European Union (EU) and Canada if they work together to combat commercial tariffs.

“If the European Union works with Canada to do economic damage to the United States, large -scale tariffs, much larger than currently planned, will be placed in both to protect the best friend that each of those two countries has had!” Trump said in a social truth. update Thursday.

On Wednesday, the White House leader had announced that he will establish a 25% tariff on “all cars that are not held in the United States” with the taxes that will arise on April 2.

Trump’s White House assistant, Will Scharf, said the new tasks apply to “foreign manufacturing cars and trucks” and come in addition to the tariffs that are already in their place. He estimated that the measures will result in “more than $ 100 billion of new annual income” to the US.

The global markets were destroyed when a new front was opened in the flourishing global commercial war, with US actions. And Asian manufacturers that fall After the ad, and European car giants are expected to do the same in the open market on Thursday.

Trump has already relieved global long -standing commercial relations by imposing import tariffs on the goods from Mexico, Canada and China, as well as taxes on all imports of steel and aluminum, due to what he sees as unjust commercial deficits that the United States has with several of its largest commercial partners.

The EU and Canada have not yet issued any statement that suggested that they would unite to damage the United States, as Trump’s position indicated, but both have indicated that they could retaliate to the last impositions.

The president of the European Commission, Ursula von der Leyen, said the EU “will continue to seek negotiated solutions, while safeguarding their economic interests.”

“Tariffs are taxes, bad for companies, worse for consumers equally in the United States and the European Union,” he said in a statement.

Meanwhile, the new Prime Minister of Canada, Mark Carney, described Trump’s movement as “a direct attack” and told journalists that he will call a high -level cabinet meeting Thursday to decide an answer.

“We will defend our workers, we will defend our companies, we will defend our country and defend it together,” he said in Kitchener, Ontario, According to Reuters.

– Kevin Breuninger and Eamon Javers de CNBC contributed to inform this story.