The EU’s countermeasures will apply to U.S. goods exports worth up to €26 billion (US$28.4 billion)—matching the economic scope of the U.S. tariffs.

Canada announced new 25% tariffs on about C$30 billion (US$20.8 billion) of U.S.-made products, including steel, aluminum, computers, and sporting goods.

He downplayed the risk that he might cause a recession through the shifting and unpredictable nature of the current, on-again, off-again trade war.

“I don't want to say ‘normal,’ but we’re operating,” Consumer Financial Protection Bureau operations chief Adam Martinez testified before U.S. District Senior Judge Amy Berman Jackson of the District of Columbia.

“We increasingly view a large-scale pullback in spending driven by uncertainty about tariffs, DOGE layoffs, and weakness in equities as a non-trivial tail risk.”

A recent executive order and related changes impact not only federal employers, but also private businesses, government contractors, and educational institutions.

Various policies from President Trump are creating economic shocks. “If you were to design something that is really quite negative for the economy, this is it.”

This is the first payrolls report that fully reflects Trump’s second term, but because it landed before most of the administration’s firings, March unemployment data will look “a lot uglier.”