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Japan has raised the issue of auto tariffs with the U.S. after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy.

President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.

The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on U.S. allies and rivals alike.

Taiwan President Lai Ching-te said Feb. 14 he would communicate more with the U.S. over President Donald Trump’s concerns over the chip industry and invest more in the U.S.

The European Union’s executive branch on Feb. 14 vowed to “take firm and immediate action” against U.S. President Donald Trump’s imposition of tariffs on steel and aluminum.

World farm machinery leader John Deere said the agriculture economy is finally showing signs of turning around, although looming tariffs could upend the nascent recovery.

Emirates Global Aluminium is planning additional acquisitions of U.S. assets after an initial deal last year as tariffs on metal imports into the country raise prices in that market.

President Donald Trump on Feb. 13 rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering broader confrontation.

Bank of Canada officials acknowledged that the economic uncertainty created by a potential trade battle supported their decision to cut interest rates last month.

EU trade chief Maros Sefcovic spoke with three top members of U.S. President Donald Trump’s incoming administration on how to find a solution to the brewing transatlantic trade dispute.