In Donald Trump’s first 36 hours back in the White House, he threatened to slap tariffs on the US’s top four trading partners starting as soon as next week.

EU, German and Chinese leaders took turns defending global cooperation in Davos on Tuesday as the spectre of new trade wars looms following Donald Trump's return to the White House.

EU trade chief Maroš Šefčovič extended an olive branch to Washington on Wednesday, two days after the U.S. president was sworn in. He told POLITICO that Brussels was ready to talk with the new Washington administration — despite the repeated threats that Trump has made to hit the 27-nation bloc with tariffs.

US President Donald Trump on Tuesday vowed to hit the European Union with tariffs, saying his administration was discussing a 10 percent punitive duty on Chinese imports because fentanyl is being sent from China via Mexico and Canada.

WASHINGTON: US President Donald Trump has said that Washington will impose tariffs on the European Union and that his administration was discussing a 10% punitive duty on Chinese

The Trump administration is discussing a 10% punitive duty on Chinese imports. Trump said the EU also has troubling trade surpluses with the United States.

President Donald Trump widened his tariff threats to include China and the European Union on his second day back in office after day one saw Canada and Mexico in his sights.