The European Union (EU) is gearing up for a potential trade showdown with the U.S. after criticizing President Donald Trump's latest tariff hikes on imports from China, Mexico, and Canada. 🌏💼 The EU called the move 'harmful to all sides' and vowed to 'respond firmly' if targeted—a clear warning shot to Washington.
'Tariffs create unnecessary economic disruption and drive inflation. They hurt everyone,' an EU spokesperson said Sunday, stressing the importance of 'open markets and respect for international trade rules.' With U.S.-EU trade ties being the world's largest, tensions could ripple through global supply chains, tech sectors, and even your morning avocado toast prices. 🥑📉
Trump’s executive order, signed Saturday, imposes a 10% tariff hike on Chinese goods and 25% on Mexican and Canadian imports. Responses were swift: China plans WTO action and countermeasures, Canada will levy $21B in retaliatory tariffs, and Mexico is deploying its own defensive measures. 💥🇨🇳🇨🇦🇲🇽
While Brussels has pushed to avoid conflict through negotiation, Trump doubled down, saying he’d 'absolutely' target EU goods next. Could this spark a full-blown trade war? Stay tuned. 🔥📰
