Trump's New Tariffs Escalate Trade Tensions with EU and Allies

The U.S. imposes 25% tariffs on EU steel and aluminum imports, prompting retaliation and raising fears of a global economic downturn.

The U.S. has enacted 25% tariffs on steel and aluminum imports from the EU, Canada, Mexico, and China, marking a significant escalation in trade disputes.
The European Union has announced counter-tariffs on U.S. goods, including whiskey, motorcycles, and jeans, set to take effect on April 1.
President Trump has threatened additional tariffs of up to 200% on EU wine and champagne in response to the bloc's retaliatory measures.
Economic experts warn that the tariffs could increase costs for U.S. companies and consumers, while potentially reducing the competitiveness of American exports globally.
EU leaders, including Ursula von der Leyen, have expressed readiness for negotiations but remain firm on defending the bloc's trade interests.