February 3, 2025 6:27 PM
Europe braces for Trump trade tariffs, as levies on Canada, Mexico, China roil markets
European leaders were bracing for U.S. tariffs on Monday after President Donald Trump imposed sweeping levies on Mexico, Canada and China that will affect billions of dollars worth of trade, roiling global markets and currencies. Trump said the tariffs against the three largest U.S. trading partners, which take effect on Tuesday, might cause Americans some short-term pain, but "long term, the United States has been ripped off by virtually every country in the world". Global stock markets and c...