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.

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.

The European Union vowed a response to 25% tariffs President Donald Trump said the US will impose on steel and aluminum imports, escalating a potential trade dispute between transatlantic allies.