President Donald Trump signed an order Monday imposing global tariffs of 25% on all steel and aluminum imports, likely pleasing domestic steelmakers but hurting allies like Canada and Mexico.

Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war and threatening to add to already-sticky U.

European Union trade chief Maros Sefcovic spoke with three top members of US President Donald Trump’s incoming administration on how to find a solution on the brewing transatlantic trade dispute.