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.

France and the European Union have condemned US President Donald Trump's new 25 percent tariffs on steel and aluminium imports, vowing immediate retaliation and warning of escalating trade tensions.

United States President Donald Trump has signed executive orders to impose 25 per cent tariffs on steel and aluminium imports from March 12, despite warnings

Canada, Mexico and the EU on Tuesday slammed U.S. President Donald Trump's "unjustified" decision to impose tariffs on steel and aluminum imports, which has raised fears of a broader trade war. Trump signed executive orders to impose 25% tariffs on imports of the metals starting March 12, triggering a flurry of angry reactions.

The European Union estimates that the first wave of Donald Trump’s steel and aluminum tariffs will hit as much as €28 billion ($29.3 billion) of the bloc’s exports in what would be a massive escalation in the US president’s trade war.

The Trump administration plans to implement 25% tariffs on aluminum and steel. The craft beer industry could be hit particularly hard by the tariffs.