The bloc’s trade commissioner says the two sides were close to a deal before the president last week threatened to impose a 30 percent levy.

The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday.

"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

To follow the ongoing tariff situation between the U.S. and the European Union (EU) is to develop a case of whiplash — especially when it comes to the fate of bourbon being sold abroad. © 2025 American City Business Journals.

The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels

President Trump is threatening Mexico and the European Union, two of the largest U.S. trading partners, with 30% tariffs starting in August if they don't reach a trade deal with the U.S. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means for U.

President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.

President Donald Trump on Saturday threatened duties of 30% on products from Mexico and the European Union, two of America’s biggest trading partners, in an ongoing tariff campaign that’s upended global trade since he retook office in January.

President Donald Trump's 30 percent tariffs on European Union imports may raise costs for everything, possibly including your fave item.