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Trump Says Will 'Absolutely' Impose Tariffs On EU

  • President Donald Trump announced that the U.S. Will impose tariffs on the European Union, citing a tremendous trade deficit as the main reason for this decision.
  • Tariffs on Canadian and Mexican imports will be set at 25%, while Chinese goods will face an additional 10% on existing tariffs.
  • Canadian Prime Minister Justin Trudeau stated that Canada is ready to respond to the tariffs with a reasonable countermeasure.
  • Mexican President Claudia Sheinbaum expressed that Mexico is prepared for ongoing dialogue regarding the tariffs.
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Portfolio.hu broke the news in on Friday, January 31, 2025.
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