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European Union member states have voted to impose an extra 25% tariffs on US imports, affecting €20.9bn (£18bn) worth of goods.

The tariffs are in response to the 25% import taxes US President Donald Trump imposed on all steel and aluminium that came into force in mid-March.

It is unclear which goods the EU is targeting, but the new tariffs will come into effect from 15 April.

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Stock markets have plunged in Asia, as President Donald Trump's tariffs continue to send shockwaves around the world.

Earlier, US stock market futures were sharply down, indicating that Wall Street shares will fall when they open.

Donald Trump, speaking to reporters on Air Force One, has defended his tariff policy, saying "sometimes you have to take medicine to fix something".

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China's finance ministry has announced that it is placing an additional 84% tariff on all goods imported from the US.

US President Donald Trump placed a 104% tariff on all Chinese goods entering the US, starting from Wednesday.

China says that these new retaliatory charges will take effect from 12:01 CST (05:00 BST) on 10 April.

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China opposed the latest round of tariffs implemented by US President Donald Trump on Wednesday, resulting in a 54 percent tariff on all Chinese imports into the US. At a daily press conference in Beijing on Thursday, Ministry of Foreign Affairs spokesperson Guo Jiakun called the tariffs a method of bullying. Watch here.

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British businesses have warned that they might need short-term support to deal with the impact of Trump’s 10% tariffs, while the UK car industry is facing 25% tariff on their exports to the US.

Speaking to Sky's business correspondent Paul Kelso, some companies say the government are taking the "right approach", while others saying they fear the uncertainty this could bring.

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