Trump escalates trade tensions with new EU tariff proposal

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Thu, Feb 27, 2025, 10:02 AM

President Donald Trump is accelerating his aggressive trade agenda with a series of new tariff threats targeting major US trading partners, including a new 25% tax threat against European Union imports.

The president has announced plans to impose an additional 10% tariff on Chinese imports, scheduled to take effect on March 4, while his 25% tariffs against Canada and Mexico are now expected to take effect April 2.

Yahoo Finance Senior Columnist Rick Newman analyzes the president's far-reaching trade strategy.

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This post was written by Angel Smith