EU finance ministers back tariffs on small parcels from non-EU retailers like Shein and Temu—an overhaul meant to protect local businesses, restore fair competition, and plug major tax losses as billions in ultra-cheap goods flood Europe.

“The European Union is going to agree to purchase 750 billion dollars in energy products from the United States,” Trump said.

“The current challenges facing Europe do not come from China,” Chinese President Xi Jinping said, urging European leaders to “refrain from using restrictive economic and trade tools.”

EU talks on counter-measures targeting U.S. services, tenders, and investments are intensifying as the August 1 deadline approaches.

As tensions with the US persist, the EU appears to be preparing for all scenarios—while maintaining a clear preference for diplomacy

In 2024, the U.S. recorded a trade deficit of $236 billion with the EU—a 13% increase from the previous year

In May, the EU warned it could impose retaliatory tariffs on up to €95 billion worth of American imports, including vehicles and aircraft, should talks with the US administration fail

The final ruling marks a significant development in the growing trade dispute, with China signaling a firm stance on retaliatory tariffs affecting European luxury goods

U.S. President Donald Trump threatened the European Union (EU) it would face an additional 50% tariffs, starting June 1, in a social media post on Friday. Posting on his social platform, Truth Social, Donald Trump criticized the EU leadership as counterproductive, calling the current trade relations between the two “totally unacceptable.” The post reads, “The […]

The EU is considering tariffs on €95 billion worth of U.S. goods, including a wide range of industrial and farm products. It is also looking at limiting some EU exports of steel scrap and chemicals to the U.S., worth €4.4 billion.

The European Union is expected to pause a series of countermeasures, including tariffs against the United States, for 90 days, following President Donald Trump’s decision to grant a grace period before imposing additional tariffs. European Commission President Ursula von der Leyen posted on social platform X (formerly Twitter): “We took note of the announcement by […]

Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

The Commission firmly warned: “We will react to protect the interests of European businesses, workers, and consumers from unjustified measures.”