US President Donald Trump said he will “definitely” place new tariffs on the European Union, reiterating complaints about the US trade deficit with the bloc and what he sees as insufficient EU imports of American cars and agricultural products.

President Trump has vowed to impose tariffs on EU imports, citing a $300 billion trade deficit, while hinting at a possible deal with the UK. His broader tariff policies have sparked retaliation from Canada,

The pan-European Stoxx 600 index had a strong January, rallying to a record high amid solid earnings and hopes that the region would be spared from immediate US levies.