EU slams US tariffs on Canada, Mexico as threat to global trade

  04 March 2025    Read: 397
EU slams US tariffs on Canada, Mexico as threat to global trade

The European Commission on Tuesday condemned the tariffs imposed by United States President Donald Trump against Canada and Mexico, as tensions over trade and the war in Ukraine soar between the historic allies.

“We call on the United States to reconsider its approach and work towards a cooperative, rules-based solution that benefits all parties,” the Commission said in a statement.

“This move risks disrupting global trade, harming key economic partners, and creating unnecessary uncertainty at a time when international cooperation is more crucial than ever,” the statement added.

Trump on Monday evening announced new 25 percent tariffs on all Mexican and Canadian goods beginning Tuesday and 10 percent tariffs on energy imports from Canada, moving a step closer to triggering a full-scale trade war with America’s biggest trading partners.

The EU executive expressed strong solidarity with Canada and Mexico, describing them as “not only close allies of the EU but also vital economic partners.” Its statement made no mention, however, of Trump’s decision to double tariffs against China to 20 percent.

Responding to the U.S. tariffs, Canadian Prime Minister Justin Trudeau said: “Canada will not let this unjustified decision go unanswered.” In a statement, he announced tariffs of 25 percent on $30 billion worth of American goods immediately, and on a further $125 billion of U.S. goods in 21 days’ time.

China’s Ministry of Commerce also announced it will impose up to 15 percent tariffs on select U.S. imports, including farm products such as chicken, pork, soy and beef, from March 10. The deadline is a signal that Beijing still hopes to negotiate with Trump before the duties snap into effect. It also added 15 U.S. firms to China’s export control list.

In an attempt to join arms in anticipation of a Trump trade war, the EU concluded talks on a trade agreement with Mexico just a few days before his inauguration. Brussels also has an agreement with Canada.

 


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