Trump Vows to Raise Tariffs on EU, Canada If They Undermine U.S. Economy

Trump Warns of Steeper Tariffs on EU, Canada Over Potential Economic Threats

President Donald Trump has issued a stern warning, vowing to impose even higher tariffs on imports from the European Union (EU) and Canada if they take actions that he believes could harm the U.S. economy.

“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!” Trump wrote on Truth Social late Wednesday night.

Despite the warning, financial markets remained largely unaffected. Bitcoin (BTC) hovered just under $88,000, Germany’s DAX futures slipped 0.3%, and U.S. stock futures traded steady to slightly positive.

Analysts suggest that market stability may be due to Federal Reserve Chairman Jerome Powell’s recent remarks, in which he downplayed the long-term inflationary impact of tariffs, calling them a potential short-term disruption rather than a lasting economic concern.