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,

Trump has delayed a 25% tariff he was set to impose on imports from Canada and Mexico. Trump said on Wednesday that the

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

Stocks were tumbling across the Atlantic on Tuesday after U.S. President Donald Trump's tariffs on Canada and Mexico took effect, stoking investors' fear that Washington could soon impose similar levies on the European Union.

The EU warned on Tuesday that US tariffs on Canada and Mexico threaten transatlantic “economic stability” and risk “disrupting global trade,” urging Washington to reverse course. Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without the nations striking a deal.

On Wednesday, Trump suggested that the tariffs on Mexican and Canadian imports would begin on April 2. The president previously agreed to a monthlong delay after the leaders of the country's neighbors to the north and south committed to stronger border control. The new April deadline would amount to another extension.