European markets are expected to open in negative territory on Friday, after U.S. President Donald Trump threatened once again to slap tariffs on the EU and followed through with new levies on Canada and Mexico.

President Donald Trump is shaking up the world economy. His tariff plan proposes a 25% tariff on imports from Mexico and Canada, 10% to 60% on Chinese goods, and 25% tariffs on goods coming from the 27-member nation European Union.

A White House official, however, said Trump's previous March 4 deadline for the 25% tariffs on Mexican and Canadian goods remained in effect "as of this moment," pending his review of Mexican and Canadian actions to secure their borders and halt the flow of migrants and the opioid fentanyl into the U.

As Canadians experience their very own ‘Zeitenwende’ — the end of an era — in the wake of Trump’s desire to absorb Canada into the U.S., Canadian leaders should learn from the EU.

President Donald Trump on Wednesday gave a series of apparently contradictory answers about his plans to enact tariffs on Canada and Mexico, as well as the European Union.

Proposed 25% tariffs on goods from Canada and Mexico are due to take effect next week, in addition to tariffs on the EU already announced. LEARN MORE | Washington state's $29 billion Canada trade link at risk by ongoing tariff disputes Home builders tell KOMO News they are worried about their bottom line.

President Donald Trump on Wednesday gave a series of apparently contradictory answers about his plans to enact tariffs on Canada and Mexico, as well as the European Union.

European Commission President Ursula von der Leyen, Canadian Prime Minister Justin Trudeau, and European Council President Antonio Costa in Brussels on February 12, 2025.

and he suggested Canada follows suit. European Union: Trump threatened looming tariffs on the EU in a move that could bring his trade war across the Atlantic. Earlier in February, Trump ordered a ...