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Tesla is signaling concern over potential retaliatory moves by other countries as a trade war escalates in the wake of President Donald Trump’s moves to impose tariffs on a range of imports.

Specific to trade, the agenda directs the U.S. Trade Representative to “chart a new course for any trade agreements to ensure they help raise wages and grow our industrial base.”

President Donald Trump on March 13 threatened a 200% tariff on European wine, champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

Political leaders representing states that border Canada and Mexico are sounding the alarm about how cross-border tariffs between those countries and the United States will impact their local economies, and their states’ residents.  

Mexico is delaying its response to U.S. tariffs on steel and aluminum imports as President Claudia Sheinbaum avoids retaliation while both countries negotiate to avert levies.

Canada announced new 25% counter-tariffs on $20.8 billion of U.S.-made items after the Trump administration went ahead with global levies on imports of steel and aluminum.

U.S. inflation slowed last month for the first time since September even as additional tariffs on steel and aluminum that kicked in March 12 threaten to send prices higher.

The European Union announced retaliatory trade action with new duties on U.S. industrial and farm products, responding to the Trump administration’s increase in tariffs on steel and aluminum.

President Trump increased tariffs on all steel and aluminum imports to 25%, promising that the taxes would help create factory jobs at a time when his tariff threats are jolting the stock market.

If President Donald Trump’s tariffs on steel and aluminum take effect at a minute past midnight in Washington on March 12, it will mark a repeat of first-term levies — with one major difference.