Canada’s PM Carney: We will put in place retaliatory measures against US, if there are additional measures put against Canada on Wednesday.
Mexico’s President Sheinbaum: Response to US tariffs will come on April 3rd. pic.twitter.com/hgH5JbydoN
— Markets & Mayhem (@Mayhem4Markets) April 1, 2025
🚨Trump to speak tomorrow at 4PM about tariffs.
After market close usually not a good thing.
— Tom (@TradingThomas3) April 1, 2025
🚨🇪🇺🇺🇸TRADE WAR BREWING: EU VOWS RESPONSE TO TRUMP TARIFFS
Ursula von der Leyen said the EU still hopes for a deal — but “all instruments are on the table” if the U.S pushes forward with new tariffs.
Trump is expected to unveil a new wave of trade penalties as early as tonight… https://t.co/lTiHJPkkkF pic.twitter.com/HmKotwPaVI
— Mario Nawfal (@MarioNawfal) April 1, 2025
Canada, Mexico, and the European Union are vowing retaliation as President Trump prepares to impose sweeping tariffs on foreign goods. The usual outrage from global leaders is already pouring in. But here’s the real question: if tariffs are so ineffective, why do these countries fight back so hard whenever the U.S. imposes them?
Canada is preparing to slap tariffs on $21 billion worth of American products, targeting steel, aluminum, and consumer goods. They call it a “direct attack” on their economy, but for decades, they’ve been happy to enjoy one-sided trade advantages. Mexico is adding a 25% tariff on U.S. steel and aluminum, claiming the move will hurt their industries. The European Union, predictably, is framing this as an attack on “global trade” while preparing its own retaliatory measures.
The outrage from foreign leaders isn’t about “fair trade.” It’s about the U.S. finally playing by the same rules everyone else does. For decades, other nations have used tariffs, subsidies, and currency manipulation to protect their industries while expecting the U.S. to play along. Trump is rejecting that arrangement, and they don’t like it.
President Trump will address the nation from the White House Rose Garden at 4 PM tomorrow, outlining the full scope of the new tariffs. They are expected to take effect immediately, with collections beginning Thursday. For the first time in years, the U.S. isn’t just sitting back while others dictate the terms of trade.
Sources:
https://www.politico.eu/article/eu-slams-us-tariffs-canada-mexico-threat-global-trade/
https://thehill.com/video-clips/5215478-watch-donald-trump-remarks-auto-tariffs/
