The U.S. has imposed a 25% tariff on steel and aluminum imports.
The EU has retaliated with tariffs of up to 50% on $30 billion worth of U.S. goods.
Canada has announced plans for $22 billion in retaliatory tariffs.
Opinion
While President Trump asserts that "America will win the war of money," domestic sentiment remains largely critical of his tariff policies.
Core Sell Point
The expanding global tariff war has heightened trade uncertainty.
The U.S. Trump administration has imposed a 25% tariff on steel and aluminum products, escalating global trade tensions. Key trading partners, including the European Union (EU) and Canada, have announced immediate retaliatory tariff measures. The EU Commission stated that it would impose additional tariffs of up to 50% on approximately $30 billion worth of U.S. goods, including motorcycles, jeans, and whiskey. As a result, the tariff rate on iconic American motorcycle brand Harley-Davidson will soar from 6% to 56%.
The Canadian government has also announced plans to impose retaliatory tariffs on about $22 billion worth of U.S. goods. Meanwhile, the UK has opted for a more cautious approach, prioritizing negotiations with the U.S. over immediate retaliatory action. British Prime Minister Keir Starmer stated, "We will pragmatically review all negotiation options," indicating a measured stance.
In response, U.S. President Donald Trump has vowed to counter the EU’s retaliatory tariffs, declaring, "America will win the war of money." The U.S. Trade Representative (USTR) also condemned the EU’s actions, arguing that the bloc has refused cooperation and disregarded U.S. national security concerns.
Domestically, public sentiment toward Trump’s tariff policy remains largely negative. According to a recent CNN poll, 61% of respondents opposed the tariffs, while 56% expressed a negative view of Trump’s economic policies overall.
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