The EU is preparing to step up its engagement with other countries hit by Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners, according to people familiar with the matter.

US President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico starting on 1 August.

By Elizabeth Howcroft PARIS (Reuters) -European stocks opened slightly higher on Wednesday, showing little reaction to U.S. President Donald Trump's announcement that he would impose a 50% tariff on imported copper and soon introduce levies of up to 200% for pharmaceuticals.

The EU remains hopeful it will strike a deal to avoid steep levies Trump has threatened on its exports to the US.

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Trump's remarks could inject further instability into a global economy that has been shaken by the tariffs he has imposed or threatened on imports to the world's largest consumer market.

European stock markets rose Wednesday, brushing off US President Donald Trump's tariff threats on copper and pharmaceuticals.

Today's letters to seven minor trading partners add to the 14 other tariff rates U.S. President Donald Trump set earlier in the week.

Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting Aug. 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday. The EU had hoped to reach a comprehensive trade agreement with the U.