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.

While the finalization of President Donald Trump’s tariffs on China, Canada, Mexico and the European Union remains in limbo, Apogee Instruments Chief Operating Officer Devin Overly said the company ha

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.

"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,

Speaking during his first cabinet meeting, attended by many reporters, Trump said he’ll be announcing detailed EU tariffs “very soon,” noting that “it’ll be 25% generall

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).

President Donald Trump on Wednesday gave a series of apparently contradictory answers about his plans to enact tariffs on Canada and Mexico, as well as the European Union.

Shares in European carmakers and automotive suppliers fell sharply on Tuesday, after U.S. tariffs of 25% took effect on imports from Canada as well as Mexico, a major automotive supply and manufacturing hub for global firms.

Ireland will feel the effects of US tariffs - even before they are imposed on European Union goods, according to a trade expert.

President Donald Trump said he has decided to hit the European Union with 25% tariffs, saying EU was formed "to screw the United States." “We have made a decision and we’ll be announcing it very soon,” Trump said during a Cabinet meeting Wednesday.