President Donald Trump has announced a 25% tariff on imports from Mexico, Canada, and the European Union, effective March 4. This decision, initially delayed, has raised fears of a global trade war.

Experts warn that these tariffs could lead to higher consumer prices and economic instability.

EU leaders have vowed to respond with countermeasures, while Norway braces for potential fallout, including impacts on its exports.

Norwegian officials are in talks with EU counterparts to secure exemptions, as Sweden pledges support for Norway in EU discussions.

The escalating tensions could have serious consequences for global trade and economic growth.