Trump's Tariffs Spark Global Trade War: EU, Canada Prepare to Retaliate

President Trump's steel and aluminum tariffs have ignited a global trade dispute. The European Union and Canada are planning countermeasures, citing concerns over the impact on their economies. Administration officials insist the tariffs are necessary to protect national security. Adding to the complexity, a potential phone call between President Trump and Chinese President Xi Jinping is anticipated to help de-escalate the situation. Meanwhile, Elon Musk's recent departure from the administration has also made headlines. "What China is doing is they are holding back products that are essential for the industrial supply chain," stated Treasury Secretary Scott Bessent on "Face the Nation." The situation remains tense, with the potential for further escalation.