By Bradford Betz | Fox Business
President Donald Trump early Thursday threatened even larger tariffs on the European Union and Canada if both economies worked together to do “economic harm to the USA.”
Writing on his Truth Social platform, the president warned: “If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of these countries has ever had!”
The post comes after the president announced on Wednesday he would impose a 25% tariff on all imported autos.
The European Automobile Manufacturers’ Association (ACEA) issued a statement Thursday saying it was “deeply concerned” by Trump’s announcement of additional tariffs.