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European markets have already fallen in reaction to the US president announcing a 25% import tax on goods from Canada and ...

Asked by the BBC, President Trump says the US will "definitely" hit the EU with tariffs, while something could be "worked out" with the UK.

China's tariffs - due to begin next Monday - would also apply to US oil and farm machinery, but more talks are due this week.

European markets have already fallen in reaction to the US president announcing a 25% import tax on goods from Canada and Mexico, and 10% on goods from China.