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.

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.

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.

During his first cabinet meeting, Trump reaffirmed that tariffs on Mexico and Canada would proceed as planned and warned that a 25% tariff on European Union (EU) goods could be next. Against this uncertain backdrop,

President Donald Trump says he plans to impose tariffs on Canada and Mexico starting next Tuesday. He also indicated that European countries would face a 25% tariff.

The American president met with British Prime Minister at the White House to discuss Ukraine, tariffs, and a possible Trump state visit to England.

These common imports from the European Union could cost more if Trump follows through on plans to enact 25% tariffs.

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