Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
Guterres Urges Stronger Global AI Safeguards Ahead of UN Assembly 
US Allies Fear Trump Could Soften Taiwan Stance in Xi Talks 
Saudi Arabia Raises Security Alerts as Houthi Attacks Threaten Oil Routes 
Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise 
South Korea’s Cho Hyun to Meet Rubio in Washington 
US Stocks Rise Ahead of Fed Rate Decision 
Judge Blocks Trump Rule Limiting Foreign Student Visas 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
China’s Slower Loan Growth Becomes ‘New Normal’ as Credit Demand Weakens 
Vietnam, U.S. Firms Plan 29 Deals Across Energy, Tech and Aviation 
Nvidia CEO Jensen Huang Expected at Trump-Xi State Dinner 
Iran Economic Crisis Forces Afghan Families to Return Home 
Add as a preferred source on Google
U.S. President Donald Trump has threatened to impose steep tariffs on the European Union if Brussels moves ahead with a proposal to make Canada the bloc’s first associate member, raising the prospect of renewed trade tensions between Washington and Europe.
Speaking to reporters while traveling to an event in North Carolina, Trump criticized European Commission President Ursula von der Leyen’s proposal and warned that the United States could respond with significant trade restrictions if he viewed the move as hostile.
“If they do that, if I think it’s at all a hostile act, I will put very serious tariffs or stop trading with Europe on many things,” Trump said, describing the proposal as “laughable.”
Trump suggested that Washington’s response would depend on the EU’s intentions. He said the United States would have no issue with the plan if it were pursued in good faith, but warned of “very heavy tariffs” if the administration concluded that Europe was acting against U.S. interests.
The comments add another potential source of friction to U.S.-EU trade relations, with tariffs once again emerging as a key tool in Trump’s approach to international economic disputes.
Von der Leyen unveiled the Canada associate membership proposal on Wednesday during her annual State of the Union address, which Canadian Prime Minister Mark Carney attended. The European Commission president presented the initiative as part of an effort to strengthen cooperation among like-minded allies amid growing geopolitical and economic uncertainty.
Von der Leyen said closer partnerships were increasingly important in what she described as “an openly hostile world.”
If advanced, the proposal would make Canada the EU’s first associate member, potentially creating a new framework for deeper political and economic cooperation without granting the country full membership in the 27-nation bloc.
Trump’s warning now places the Canada-EU initiative at the center of broader transatlantic trade tensions, with markets and policymakers likely to watch closely for details on the proposal and any potential U.S. tariff measures.
