From Business Insider · Huileng Tan · · 1m 10s
Trump threatens Europe over Canada's EU bid
The president warns of heavy tariffs if the EU makes Canada an associate member, escalating his trade disputes.
In brief
The president warns of heavy tariffs if the EU makes Canada an associate member, escalating his trade disputes. Trump is willing to punish Europe economically if it deepens ties with Canada, showing how his trade conflicts are spreading across multiple partners. Originally reported by Business Insider.
Trump warns Europe on Canada
President Trump threatened heavy tariffs or a trade halt with Europe if the EU makes Canada an associate member, calling the prospect laughable.
“If they do that, if I think it's at all a hostile act, I will put very serious tariffs or stop trading with Europe on many things.”
Von der Leyen's undefined proposal
EU Commission President Ursula von der Leyen floated making Canada the EU's first associate member to deepen partnership on technology, energy, defense and AI.
Trump attacks Canada as partner
Trump called Canada a terrible trade partner and issued a memo directing federal agencies to remove Canadian goods from US government procurement.
Trump claims US carries Europe
Trump said the US has a 200 billion dollar goods deficit with the EU and claimed America doesn't need European products since it has cars, lumber and food.
“We're not trading with you anymore. We don't need anything they have.”
Canada pivots toward Europe
After US-Canada trade talks collapsed, Prime Minister Mark Carney moved to strengthen ties with Europe, formally applying to join a British-led NATO military partnership.
The essence
Trump is willing to punish Europe economically if it deepens ties with Canada, showing how his trade conflicts are spreading across multiple partners.
