Trump Suggests Bigger Tariffs on EU, Canada 'If They Work To Harm U.S.'

President Donald Trump has threatened bigger import tariffs against the European Union (EU) and Canada if they worked unneurotic "to bash economical harm" to the U.S.

"If the European Union works with Canada successful bid to bash economical harm to the USA, ample standard Tariffs, acold larger than presently planned, volition beryllium placed connected them some successful bid to support the champion person that each of those 2 countries has ever had!” Trump said successful a precocious Wednesday nighttime station on Truth Social.

Financial markets, however, stay dependable successful the aftermath of the caller threat, with BTC successful stasis beneath $88,000. Germany's DAX futures fell 0.3% portion their Wall Street counterparts traded level to positive.

The resilience successful the marketplace apt stems from Federal Reserve Chairman Jerome Powell's caller denotation that the inflationary pressures resulting from tariffs could beryllium transitory.