In a dramatic escalation of international tensions, President Donald Trump is facing fierce backlash as the European Union and Canada prepare to retaliate against his controversial July tariffs. Just moments ago, EU officials announced they are finalizing a robust package of countermeasures aimed at U.S. aviation, technology, and agriculture—sectors critical to the American economy. The stakes are sky-high, with the EU warning of a staggering €60 billion in losses tied to Trump’s tariff policies, prompting an urgent call for action.

French President Emmanuel Macron has made it clear: the EU is no longer willing to accept the status quo. With July 9th fast approaching, Brussels has shifted from negotiation to confrontation, threatening to impose retaliatory tariffs that could target U.S. exports worth over $100 billion annually. This includes a potential 25% tariff on corn and soybeans, products that once saw significant imports from the U.S. Meanwhile, Trump has vowed to activate liberation tariffs, threatening a staggering 50% increase on European goods, a move that could plunge the global economy into chaos.

As stock markets tremble and businesses brace for impact, the question looms: has Trump’s strategy backfired? Analysts warn that the repercussions could shrink U.S. GDP by as much as 0.7% next year, leading to widespread price hikes for American consumers. In a surprising turn, Canada is also contemplating its own retaliatory measures, signaling a united front with the EU against Trump’s aggressive trade tactics.

This unfolding crisis not only threatens to reshape U.S.-EU relations but also puts Trump’s credibility on the global stage at risk. With allies rallying against what they perceive as economic bullying, the president’s once unshakeable position as a trade leader is now in jeopardy. As the world watches with bated breath, the question remains: can Trump salvage his strategy, or is this the beginning of a seismic shift in international trade dynamics? Stay tuned as this story develops.