If implemented by the 1 August deadline, the move could derail $1.7 trillion worth of transatlantic commerce and force the EU to reconsider its export-reliant economic structure.

The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.

The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a major blow to Europe, potentially dismantling

After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.

Italian Foreign Minister Antonio Tajani has hinted at a potential European response to new U.S. tariffs, suggesting that the European Union is prepar

The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday.

JPMorgan Chase, Wells Fargo and Citigroup are among heavyweights reporting second-quarter results today. Profits for S&P 500 companies in the second quarter are expected to rise 5.8%, according to LSEG data, down from a forecast of 10.2% on April 1, before U.S. President Donald Trump launched his trade war.

Trump also told NBC News he is eyeing blanket tariffs of 15% to 20% on most trading partners, although exact levels are still being determined. The current blanket tariff rate is 10%. Separately, the European Union ... The new tariff developments come ...