European companies, from Swiss chocolatiers to German car parts makers, are preparing their 'plan Bs' to adapt to U.S. trade tariffs that became a blunt reality on Tuesday, with a second barrage specifically targeting the region expected next month.

US stocks closed sharply lower Monday, after President Donald Trump slapped fresh sanctions against China and levies on Mexico and Canada neared imposition, while European defense shares soared as the

By Nikhil Sharma (Reuters) -European shares joined a global market selloff on Tuesday after U.S. tariffs on Canada, Mexico and China took effect, raising concerns that similar levies could be imposed on Europe.

Stocks were tumbling across the Atlantic on Tuesday after U.S. President Donald Trump's tariffs on Canada and Mexico took effect, stoking investors' fear that Washington could soon impose similar levies on the European Union.

The London market dropped sharply after heavy overnight falls on Wall Street after US President Donald Trump moved forward with planned tariffs against Canada and Mexico and doubled the levy on Chinese imports.

Donald Trump posted another message on social media. According to him, we should not be worried about Putin, but rather about immigrant gangs of rapists. He also criticised Europe in his statement. Donald Trump's actions may cause concern among many European leaders.