Trump to Impose Fresh 25% Auto Tariff

Good morning. Donald Trump talks about yet more tariffs—this time on the EU, Canada and cars. Wall Street isn’t seeing the deal-making bonanza it expected. And we can help you pick the best seat in Lufthansa’s redesigned cabin. Listen to the day’s top stories.

Donald Trump threatened tariffs “far larger than currently planned” on the EU and Canada if they worked together “to do economic harm” to the US. Already, so-called reciprocal levies are set for April 2, and the EU is looking at retaliatory options. The bloc is said to expect a double-digit tariff rate that’ll apply across all members.