Brief by Shorts91 Newsdesk / 12:02pm on 13 Mar 2025,Thursday International
US President Donald Trump vowed to impose new tariffs after the European Union (EU) and Canada retaliated against his latest steel and aluminium import taxes. "Whatever they charge us with, we're charging them," Trump stated, warning of "reciprocal" tariffs next month. Canada imposed a 25% tax on $20B worth of US goods, while the EU raised levies on $28B of American products. European Commission President Ursula von der Leyen criticized the trade war, calling tariffs "bad for business and worse for consumers." Markets remained volatile as fears of escalating economic tensions grew.
