Trump warns of tariffs on EU and China from February 1

United States President Donald Trump vowed on Tuesday to impose tariffs on the European Union and China.
He has said his administration is considering a punitive 10 percent tariff on Chinese imports because fentanyl is being shipped from China to the U.S. through Mexico and Canada.
Financial markets and trade groups enjoyed a temporary lull on Tuesday, but his latest comments highlighted Trump's desire for broader tariffs and a new deadline — February 1 — for 25 percent tariffs on Canada and Mexico, as well as tariffs on China and the EU.
The US president has said that the EU and other countries also have unbalanced and worrying trade with the US.
"The European Union is very, very bad to us," Trump said, repeating comments he made on Monday. "There will be tariffs on them. That's the only way ... there will be equality."
Trump said on Monday he was considering imposing tariffs on Canada and Mexico unless they crack down on the trafficking of illegal immigrants and fentanyl, including the chemical ingredient from China, into the United States.