EU, China and Canada warn U.S. of countermeasures, as trade war with Trump heats up

Officials in the European Union, China and North American neighbor Canada say they're preparing countermeasures in response to President Trump's announcement of sweeping tariffs on U.S. imports.Why it matters: A global trade war is heating up following Trump's announcement of a baseline 10% tariff on U.S. imports, with higher levies hitting China, the EU and elsewhere, which threatens to trigger stagflation with profound consequences for global economies, per Axios' Ben Berkowitz.Driving the news: European Commission President Ursula von der Leyen announced on Thursday plans for new measures in response to Trump's tariffs announcement a day earlier of an additional 20% tariffs imposed on EU imports, which he hailed as "Liberation Day" for the U.S.The new tariffs are due to start next Wednesday, while a 25% auto levy on imports took effect Thursday.Representatives for the Trump administration did not immediately respond to Axios' requests for comment in the evening.What they're saying: "We are already finalizing a first package of countermeasures in response to tariffs on steel," von der Leyen said during a visit to Samarkand, Uzbekistan."And we are now preparing for further countermeasures, to protect our interests and our businesses if negotiations fail," she said."There seems to be no order in the disorder, no clear path to the complexity and chaos that is being created." China's Commerce Ministry said in a statement carried by state media earlier Thursday Chinese officials "will resolutely adopt countermeasures to safeguard its rights and interests."Canadian Prime Minister Mark Carney said Wednesday: "We are going to fight these tariffs with countermeasures."Context: U.S. officials said the 25% tariffs applied on Canadian and Mexican imports that don't comply with the USMCA trade agreement will go into effect until the nations impose tighter border controls, per Axios' Courtenay Brown.With Canadian officials expecting levies from the U.S. on pharmaceuticals, lumber and semiconductors, Carney said: "In a crisis, it's important to come together. It's essential to act with purpose and with force and that's what we'll do."More from Axios:Senate votes to repeal Trump's Canada tariffsWorld leaders react to Trump's sweeping tariffsTrump announces tariffs on uninhabited islandsTrump's tariffs list is missing one big country: Russia

Officials in the European Union, China and North American neighbor Canada say they're preparing countermeasures in response to President Trump's announcement of sweeping tariffs on U.S. imports.

Why it matters: A global trade war is heating up following Trump's announcement of a baseline 10% tariff on U.S. imports, with higher levies hitting China, the EU and elsewhere, which threatens to trigger stagflation with profound consequences for global economies, per Axios' Ben Berkowitz.

Driving the news: European Commission President Ursula von der Leyen announced on Thursday plans for new measures in response to Trump's tariffs announcement a day earlier of an additional 20% tariffs imposed on EU imports, which he hailed as "Liberation Day" for the U.S.The new tariffs are due to start next Wednesday, while a 25% auto levy on imports took effect Thursday.

Representatives for the Trump administration did not immediately respond to Axios' requests for comment in the evening.What they're saying: "We are already finalizing a first package of countermeasures in response to tariffs on steel," von der Leyen said during a visit to Samarkand, Uzbekistan."And we are now preparing for further countermeasures, to protect our interests and our businesses if negotiations fail," she said.

"There seems to be no order in the disorder, no clear path to the complexity and chaos that is being created." China's Commerce Ministry said in a statement carried by state media earlier Thursday Chinese officials "will resolutely adopt countermeasures to safeguard its rights and interests."Canadian Prime Minister Mark Carney said Wednesday: "We are going to fight these tariffs with countermeasures.

"Context: U.S. officials said the 25% tariffs applied on Canadian and Mexican imports that don't comply with the USMCA trade agreement will go into effect until the nations impose tighter border controls, per Axios' Courtenay Brown.

With Canadian officials expecting levies from the U.S. on pharmaceuticals, lumber and semiconductors, Carney said: "In a crisis, it's important to come together.

It's essential to act with purpose and with force and that's what we'll do."More from Axios:Senate votes to repeal Trump's Canada tariffsWorld leaders react to Trump's sweeping tariffsTrump announces tariffs on uninhabited islandsTrump's tariffs list is missing one big country: Russia.