U.S. President Donald Trump's recent comments during his first cabinet meeting on Wednesday have created confusion regarding tariffs on goods from Canada and Mexico, while also considering a 25% duty generally on European Union goods.

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.

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

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.

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.

A 25% tax is set to be imposed on all imports of steel and aluminium into the US , ending exemptions from the rules for goods from major trade partners including Canada, Mexico, Brazil, as well as the European Union.