Moscow has raised tariffs from 25 to 40 percent on some US imports in response to Washington’s move to impose tariffs on Russian steel and aluminum.

Asia is bracing for the opening salvo in a tit-for-tat trade battle, with the US due to impose 25% tariffs on $34bn of Chinese goods on Friday.

Harley-Davidson plans to shift some motorcycle production away from the US to avoid the "substantial" burden of European Union tariffs.

US President Donald Trump is looking to impose a 10 percent tariff on another $200 billion-worth of Chinese goods, after Beijing imposed reciprocal tariffs on US imports, as part of an expanding trade war with Washington.

The European Union will retaliate swiftly to the United States’ decision to impose harsh tariffs on steel and aluminium imports, EU chief Jean-Claude Juncker announced Thursday, saying it was a “bad day” for trade.

Responding to Donald Trump’s threat to impose an additional $100 billion in tariffs on China, Beijing said it did not want a trade war, but was not afraid to “follow suit to the end” to protect its core economic interests.

TVs. Dishwashers. Printers.

Mr. Trump has said the tariffs would apply to all countries across the board and that any exemptions could open a Pandora’s box of requests.

The EU has condemned US plans for tough tariffs on steel and aluminium imports, saying they jeopardise European jobs.