Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminum imports next month, a move that has fanned fears of a trade war as business and political leaders braced for yet more trade duty announcements from the new administration.

Mexican officials hope to reach a compromise with the Trump administration before tariffs are enforced on March 12

Trump has said higher tariffs would spur companies to create more auto sector jobs in the U.S. — but economists are skeptical.