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A group of Canadian steel producers said the government’s plan to restrict foreign steel imports isn’t strong enough and warned that the industry is set to shed thousands more jobs.

Tariff negotiations are running into roadblocks, as partners including Japan, India and the EU balk at signing deals without knowing how badly they’ll be hit by separate levies on exports.

EU leaders are set to debate their strategy in response to President Donald Trump’s trade war, with the choices coming down to accepting an unbalanced deal or risking escalation by striking back.

The U.S. merchandise-trade deficit unexpectedly widened in May on the biggest drop in exports since the onset of the pandemic, while imports were little changed.

One of only two major ethanol plants in Britain has begun shutdown procedures as a flood of U.S. duty-free products looks set to wipe out production in the U.K.

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported June 26.

Federal Reserve Chair Jerome Powell on June 25 said the U.S. central bank is still struggling to determine the impact of tariffs on consumer prices.

“You’re the only country that is not paying. I don’t know what the problem is,” Trump said when asked about Spain balking at paying 5% of their GDP on defense.

The administration defended the president’s power to impose global tariffs, arguing to a federal appeals court that it should overturn a decision finding the levies unconstitutional.

President Donald Trump’s shifting stances on trade and tariffs have upended the planning of many companies that provide parts and equipment to big automakers.