By Staff
April 2nd, 2025
BURLINGTON, ON
It’s a huge week for President Donald Trump’s tariff agenda — and the global economy. Trump has set a Wednesday deadline for reciprocal tariffs, while the first auto imports tariffs are slated to take effect the following day.
When it comes to their scope, uncertainty reigns: Trump had suggested the tariffs would have some exemptions, but told reporters Sunday the levies would hit “all countries.”
The Washington Post also reported that he has revived his idea of a universal tariff. A maximally aggressive approach would set Trump on a collision course with US allies, businesses, and congressional Republicans. Sen. Ron Johnson, R-Wis., said the administration needs to “make the case” to tariff skeptics.
“We’ve got businesses that will be harmed by this but are also supportive of what the president is trying to do,” Johnson said. “They are willing to give the president the benefit of the doubt.”
What do the European countries think?
