Beijing pledged to retaliate after Trump said the U.S. would slap another 10% tariff increase on Chinese goods starting next Tuesday, March 4. Trump also said Thursday 25% tariffs on goods from Canada and Mexico will go into effect on Tuesday after a one-month pause. Both Canada and Mexico have vowed retaliatory tariffs. Mexican President Claudia Sheinbaum says her government is still in talks with the U.S. in hopes of heading off a trade war.

President Claudia Sheinbaum: “We know President Trump has his way of communicating and setting negotiation timings and joint work. We must think we can reach an agreement.”

This comes as European nations slammed Trump’s 25% tariff threat on EU goods as “irresponsible” and blasted Trump’s comments Thursday.

President Donald Trump: “I mean, look, let’s be honest: The European Union was formed in order to screw the United States. That’s the purpose of it. And they’ve done a good job of it. But now I’m president.”

Meanwhile, Trump indicated the U.K. would be spared from any sort of U.S.-instigated trade war as he met with British Prime Minister Keir Starmer at the White House Thursday.