Investors are calling time on a rally in European stocks and the euro after a blistering first quarter that many fear has exaggerated how fast a planned public spending boom can revive the region's still sluggish economy and shore it up against trade war risks.

Car buyers looking to snag new wheels will likely be confronted with sticker shock after President Trump’s 25% tax on imported vehicles and auto parts kicks in. Trump’s tariff on cars and light trucks is set to take effect on April 3 while tariffs on certain auto parts, including engines and transmissions, will take effect no later than May 3.

While the president has threatened to ratchet up duties against both in recent weeks, he has yet to take direct aim at them.

By Medha Singh and Nikhil Sharma (Reuters) -European shares slid on Friday as fresh U.S. data amplified worries about higher inflation, ending a week where new tariff announcements from U.S. President Donald Trump kept investors away from risky assets.

Canadian Prime Minister Mark Carney told President Donald Trump Wednesday that his nation will retaliate against the United States with tariffs of its own if Trump presses forward with his promised levies – potentially escalating what is already developing into an ugly and damaging trade war.

President Trump’s plan to impose a 25 percent tariff on cars and parts imported into the U.S. sent a shudder through the global car industry. Markets in Asia, Europe and the U.S. wobbled yesterday as many automakers’ stock prices fell.

As the Trump administration’s threatened 200% tariffs on European wines are set to go into effect, here’s what our local sommeliers are doing to prepare.

Newsweek contacted Global Affairs Canada, the Canadian department responsible for foreign relations, and the State Department for comment on Wednesday via email and online inquiry