Trump said he would speak Monday morning with the leaders of Mexico and Canada after imposing 25% tariffs on the two North American countries. Meanwhile, Trump also said in a separate statement that Washington would cut funding to South Africa until it conducts an "investigation" into alleged mistreatment of "certain classes of people.

The European Union wants to engage swiftly with the United States over President Donald Trump's planned tariffs, trade chief Maros Sefcovic said on Tuesday, while his boss Ursula von der Leyen stressed the bloc would protect its interests in negotiations.