The European Union Commission is preparing to introduce tariffs on $20 billion of US goods if Washington imposes trade levies on imported cars, EU trade commissioner Cecilia Malmström told the Swedish newspaper Dagens Nyheter today (25 July).
US President Donald Trump insisted Tuesday (24 July) that imposing tariffs forces other countries to negotiate with Washington, a day before the European Union chief visits trying to prevent an all-out trade war.
European Commission chief Jean-Claude Juncker heads to Washington on Wednesday (25 July) in a last-ditch effort by the EU to cool nerves and find an exit door from an all-out trade war with US President Donald Trump.
US President Donald Trump yesterday (19 July) criticised the European Union over a record $5 billion fine EU antitrust regulators imposed on Google, saying the bloc was taking advantage of the United States.
Google is set to face a record-busting EU antitrust fine this week over its Android mobile operating system but rivals hoping that an order to halt unfair business practices will help them may be disappointed.
US President Donald Trump berated fellow NATO members yesterday (9 June) for not contributing enough to the alliance while maintaining a trade surplus with the United States, keeping up a recent drumbeat of criticism before meeting European allies this week in Brussels.
China remains open for trade with foreign partners and can only benefit from an economically strong Europe, its premier said on Saturday (7 July) as he pressed for expanded ties with the continent's eastern wing while waging a tariff war with Washington.
EU countries approved a raft of tariffs on Thursday (14 June) targeting US goods including whiskey and motorcycles in retaliation against painful duties imposed by President Donald Trump on European metals.
International Monetary Fund chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day".
The United States and Canada swung sharply on Sunday (10 June) toward a diplomatic and trade crisis as top White House advisers lashed out at Canadian Prime Minister Justin Trudeau a day after US President Trump called him "very dishonest and weak."
Leaders of the Group of Seven rich nations headed for a summit in Canada on Thursday more divided than at any time in the group's 42-year history, as US President Donald Trump's "America First" policies risk causing a global trade war and deep diplomatic schisms.
The Trump administration on Wednesday (23 May) launched a national security investigation into car and truck imports that could lead to new US tariffs similar to those imposed on imported steel and aluminium in March.
US President Donald Trump on Monday (30 April) held off on imposing controversial tariffs on steel and aluminum from the European Union, Canada and Mexico, offering them a 30-day reprieve after fears of a trade war spooked Wall Street.
The 25% …