Trump plans 25% tariffs on Canada and Mexico raising concerns for Europe

Donald Trump, the US president-elect, plans to impose 25% tariffs on imports from Canada and Mexico, raising concerns that Europe could also be affected. Investors fear that Europe may be the biggest loser from Trump's trade policies. Analysts suggest that Trump's proposed tariffs could disrupt European growth and lead to significant economic challenges. The European Central Bank may need to implement aggressive rate cuts to mitigate the impact of prolonged trade conflicts. EU officials are currently taking a wait-and-see approach regarding Trump's trade plans. Meanwhile, UK Prime Minister Sir Keir Starmer expresses optimism about strengthening the UK-US economic relationship under the new administration.