Trump, who has imposed 25% tariffs on almost all products imported from Canada, has repeatedly said this year that the US has a “$200 billion” trade deficit with Canada – sometimes making the claim explicitly and sometimes using vaguer language about a supposed $200 billion subsidy or loss to Canada.

This move risks disrupting global trade, harming key economic partners, and creating unnecessary uncertainty,” says EU executive, expressing solidarity with “close allies” Canada and

The EU warned on Tuesday that US tariffs on Canada and Mexico threaten transatlantic “economic stability” and risk “disrupting global trade,” urging Washington to reverse course. Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without the nations striking a deal.