EU plans ‘term sheet’ of concessions to secure partial rollback of Trump’s tariffs
President Trump said on Thursday that larger tariffs could be placed on the European Union and Canada if they both work together “to do economic harm to the USA.” The European Union is assessing potential concessions to offer the Trump administration in an effort to secure a partial rollback of US tariffs, which have already begun impacting the bloc’s exports and are set to rise after April 2. Higher tariffs could be placed on the European Union and Canada if they both work together “to do economic harm to the USA”, President Trump said on Thursday. “If the European Union works with Canada in order to do economic harm to the USA, large scale tariffs, far larger than currently planned, will be placed on them both to protect the best friend that each of those two countries has ever had,” he said in a post on Truth Social. European Commission President Ursula von der Leyen described the move as “bad for businesses, worse for consumers,” while Canadian Prime Minister Mark Carney labelled the tariffs a “direct attack” on Canadian workers and said retaliatory measures were being considered.
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