Trump has escalated his demands on the EU following weeks of negotiations over a possible framework deal, the Financial Times reported.

The S&P 500 and Nasdaq Composite ended largely unchanged on Friday, having dipped earlier after a Financial Times report indicated U.S. President Donald Trump was pushing for steep new tariffs on European Union products.

European Union officials have drawn up plans to impose levies on American imports, but questions abound about whether they would go through with them.