President Trump warns of the European Union and Canada against obtaining any ideas about joining efforts for his superiority Next tariff adsSaying if They are cooperating against the United States They will face consequences.

Next Wednesday is a Trump administration account day – and indeed economies around the world. “Editing Day”, as Trump called it, will confirm Conducting more tariffs against a group of countries.

While Trump admitted that the policies that have been announced may not be in the maximum scale, he is already threatening major commercial partners. More strict penalties than planned If they try to harm America for definitions.

Writing on the social truth, the social media platform he possesses, Trump He wrote in the first hours From this morning: “If the European Union is working with Canada to cause economic harm in the United States of America, the large tariffs will be laid widely, much larger than the plan, both in order to protect the best friend of each of these two countries!”

It should be noted that the European Union is not a country.

It is not clear exactly what Trump believes that the European Union and Canada are offering damage to the interests of the United States.

However, Tide came shortly after Trump’s 25 % tariff announcement on all cars that enter America, regardless of their country of origin.

This prompted a firm response from the President of the European Commission, Ursula von der Lin, who warned in a statement “The customs tariff is taxes – with companies, worse for consumers equally in the United States and the European Union.”

Von der Layen added that the European Union will establish the effect of a car tariff – a major industry for the European Union – and other measures expected by President Trump in the coming days.

“The European Union will continue to request negotiations, while protecting its economic interests,” the statement added.

Meanwhile, the new Prime Minister in Canada, Mark Carne, described the automatic definitions as a “Very direct attack” He added, “We will defend our workers. We will defend our companies. We will defend our country.”

Market reaction

If there is one thing The market does not like, it’s uncertainty.

And ATING On the edge of the trade war Among some of the largest economic forces on this planet certainly add a feeling of uncomfortable.

Mark Hevelli, the chief investment official of UBS Global Wealth Management, wrote in this morning memorandum: “The threat of the escalating of additional tariffs remains a major concern, but our economic expectations do not call for stagnation in the United States

“In our basic state, a wide range of selective definitions and oppositions will lead to a slower economic growth compared to last year, but they should not prevent the American economy from expanding 2 % – the historical trend rate – this year.”

This takes on the dispute with Deutsche Bank survey earlier this weekWhich revealed that 43 % of 400 analysts included the survey saw America dipped in the recession in the next 12 months.

She added that UBS expects continuous fluctuation in April, but he said that her basic message is to stay in stock.

He added: “This tariff blow was clear on a broader scale between global stocks.” German bank Economist Jim Reed. “In the United States, the wonderful 7 (-3 %) (-3 %) has seen a particularly major stagnation, reflecting a path after the strongest performance of 3 days since the American elections.

“In turn, this led to the bottom S&P 500 (-1.12 %) … which only shows the extent of the Mag 7 effect. Nafidia (-5.74 %) and Timing (-5.58 %) led the decrease, ending the session as the worst and 7 worst performance in the S&P 500, respectively. “

On cars, Goldman Sachs can see a road for some local car makers such as Tesla moving into the traces of ripples to declare tariffs.

Ev maker admitted that – although the CEO has close relations with the White House –Policies outside the Oval Office “presented by nature” American car makers to revenge on work.

“We still believe that customs tariffs pose a negative danger to profits for both the original equipment manufacturers (OEMS) and suppliers, despite car parts (how customs tariffs will be widely applied to some high -level categories that are not clear to us from the White House fact paper),” Goldman Economists in Goldman Mark Dylani, Will Bryant, Morgan Lyong and Security said.

They added: “There are some scenarios where the original equipment in the United States can compensate for full definitions (or may be clear beneficiaries) through a set of factors (controlling supply, production and pricing chains).”

This story was originally shown on Fortune.com

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2025-03-27 11:24:00