Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Trump threatens the EU and Canada with new tariffs


March, 27 2025
watermark Economic news

US President Donald Trump has announced his intention to impose even tougher tariffs on imports from the European Union and Canada if they join forces to inflict economic damage on America. On his Truth Social platform, he emphasized that tariffs would significantly exceed previously announced measures. 


The already announced duties of 25% on car imports, which will take effect on April 2, have led to tension in global financial markets. Under their influence, there is a decline in the share price of automakers in the United States and Asia, and a similar reaction is expected for European companies.


White House Adviser Will Scharf noted that such measures can bring the States over $100 billion in annual revenue. So far, the EU and Canada have not announced joint retaliatory actions, but they have hinted at the possibility of their implementation. 


The head of the European Commission, Ursula von der Leyen, said that the EU would defend its economic interests, giving preference to negotiations. At the same time, Canadian Prime Minister Mark Carney described Trump's initiative as a «direct attack» and announced a planned government meeting to discuss a possible response.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.