International Trade Today is a service of Warren Communications News.

Trump Threatens More Punishment for Canada, EU If They Coordinate Retaliation

Just before 2 a.m. on March 27, President Donald Trump posted on social media: "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 in order to protect the best friend that each of those two countries has ever had!"

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

However, Canadian Prime Minister Mark Carney, earlier this month, told reporters in London, "We take our own decisions with respect to our bilateral trade relationships with the United States. We’re not trying to organize coordinated retaliation."

He also said, "There is a limit to matching these tariffs dollar for dollar given the fact that our economy is a tenth the size of the United States."

Canada and the EU are talking about working together to make military equipment, given the Trump administration's hostility toward both Canada and Europe.