President Donald Trump has made it very clear to the world that his recent trade war with the global economy will see many Americans suffering but it will be worth it in the long run.

The news comes after the country’s head of state chose to impose levies on both Mexico and Canada, causing the countries the retaliate and fight back with their import taxes.

Now, Trump is opening up about the atrocious EU whom he feels needs to be targeted next, causing a global trade war and fear to rise in various markets.

Market shares plunged to a new low today after the trade war began to widen from Mexico, China, and Canada to the EU. The American President made it clear that his next target was the European Union due to their behavior.

Shares around the globe fell due to the intensifying action with FTSE being 100 down over 100 points during the early trading hours.

Then we saw stocks in places like Asia, France, and Germany also fall and get the strongest hit. During his recent comments overnight, Trump says that Britain is out of line but he did give some hope about issues being resolved soon if they sat down and worked things out.

Trump has been very clear about using tariffs as a political tool and even demanding a rise in concessions on serious areas like immigration and trade.