U.S. President Donald Trump vowed to hit the European Union with tariffs and said his administration was discussing imposing a 10% tariff on goods imported from China on Feb. 1 because fentanyl is being sent from China to Mexico and Canada.

Canada and Mexico to take action before he levies steep 25% tariffs on imported goods and warned that he's looking at 10% tariffs for Chinese products. The Feb. 1 deadline gives a slight reprieve to retailers and consumers,