During the first Cabinet meeting of his second term, President Trump said that tariffs on European Union products would be at 25 percent in general and signaled that duties on Canada and Mexico will take effect in early April.

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The Trump White House again said it would impose hefty tariffs on U.S. imports from Canada and Mexico, double current tariffs on Chinese imports, and consider new tariffs on other decades-long allies such as the 27-member European Union (EU).

European markets are expected to open in negative territory on Friday, after U.S. President Donald Trump threatened once again to slap tariffs on the EU and followed through with new levies on Canada and Mexico.

President Donald Trump is shaking up the world economy. His tariff plan proposes a 25% tariff on imports from Mexico and Canada, 10% to 60% on Chinese goods, and 25% tariffs on goods coming from the 27-member nation European Union.

A White House official, however, said Trump's previous March 4 deadline for the 25% tariffs on Mexican and Canadian goods remained in effect "as of this moment," pending his review of Mexican and Canadian actions to secure their borders and halt the flow of migrants and the opioid fentanyl into the U.

A look at the day ahead in European and global markets from Kevin Buckland Europe wakes up to new U.S. tariffs on Canada, Mexico and China, bringing into starker relief Donald Trump's threat of levies for the EU next.

"It'll be 25% generally speaking and that will be on cars and all other things." The European Union said it would react "firmly and immediately against unjustified tariffs". Trump's appearance sparked questions about his trade plans,

The European Union "deeply regrets" US tariffs imposed on imports from Mexico and Canada, a European Commission spokesman said on Tuesday. "This move risks disrupting global trade, harming key economic partners,

We've just had this question from Barny in the UK. He asks: Will tariffs on Mexico, Canada, China and the EU make the UK a more appealing place for all markets to trade with? Hi Barny - great ...