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U.S. tariffs of 30% on European Union goods could shave up to 0.8% off Italy's gross domestic product in 2027, the country's main business lobby said on Monday, as transatlantic trade negotiations continued.
Major U.S. corporations and trading partners are scrambling to adapt to a new global economy, even as President Donald Trump mulls the imposition of historic tariffs in less than two weeks.
Eurofer plans a stricter safeguard system to protect EU steelmakers as tariffs loom and global steel flows shift.
By Sanchayaita Roy, Twesha Dikshit and Ragini Mathur (Reuters) -European shares ended a choppy session in the red on Monday, as investors weighed a mixed bag of corporate earnings and keenly awaited the outcome of ongoing trade negotiations between the U.
A growing number of European Union member states, including Germany, are considering using wide-ranging "anti-coercion" measures targeting U.S. services if the EU cannot reach a trade deal with U.S. President Donald Trump,
Trump has escalated his demands on the EU following weeks of negotiations over a possible framework deal, the Financial Times reported.
A CBS/YouGov poll released Sunday found Trump’s approval rating at 42%, with disapproval at 58%. That approval compares with 45% in June and 47% in mid-April.
Ryanair, Boeing's biggest European customer, said it could delay deliveries of some 737 MAX aircraft as it holds out for a trade deal between the U.S. and the European Union. The airline, Europe's biggest by passenger numbers,
The European Commission describes the trade between the U.S. and the EU as "the most important commercial relationship in the world.” The value of EU-U.S. trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, or an average of 4.6 billion euros a day, according to EU statistics agency Eurostat.
Commerce Secretary Howard Lutnick expressed confidence Sunday that the Trump administration will cut trade deals with key U.S. trading partners in the coming weeks — before steep tariffs kick in for dozens of countries.