US President Donald Trump announced plans to respond to the EU's retaliatory tariffs amid escalating global trade tensions. He threatened to increase tariffs on Canadian steel and aluminum but later settled on a 25% rate. The EU retaliated with import duties on €26 billion of American goods, while Canada imposed new tariffs on US products worth C$30 billion. Global markets showed signs of recovery despite the trade war, with US stock markets rebounding after positive inflation data, although analysts cautioned about potential market volatility. Teljes cikk (Euronews.com)