U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States,

The EU will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.

NBC News' Yamiche Alcindor reports on how Trump would respond if either the EU or Mexico retaliate against the new levy.

President Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise. In the last week, Trump has slapped trading partnerswith tariffs rather than slog through prolonged talks to reach agreements.

In his letter to Canada, Trump framed the tariffs as an effort to get the country to crack down on fentanyl smuggling, though there is relatively modest trafficking in the drug from that country.