The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats.

Chinese and European Union leaders are meeting at a summit in Beijing on Thursday, with trade tensions running high.

EU trade ministers have agreed that U.S. President Donald Trump’s 30% tariffs announced on the European Union are “absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move.

President Trump has threatened to slap a 30% tariff rate against the EU and a flurry of customized tariff rates on other countries that fail to cut a new deal with him.

Overnight, Asia-Pacific markets traded higher after U.S. President Donald Trump announced that he had completed a " massive Deal " with Japan, with a baseline tariff of 15% set on the country's exports to the United States. S&P 500 futures were little changed Tuesday evening after the announcement.

One of the European Union’s most reliable punching bags is shaped like a bottle of whiskey. The EU this week circulated to member states a list of products it could hit with tariffs if a trade deal is

The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday.

Oct 8, 2024 - China imposes temporary anti-dumping tariffs on EU brandy, hitting brands from Hennessy to Remy Martin. Oct 29, 2024 - The EU approves imposing extra tariffs of up to 35.3% on Chinese-made EVs for five years, but negotiations continue.