The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels

Volvo CEO Hakan Samuelsson urged the European Union to slash its auto tariffs on the US — an apparent bid to sway President Trump to lower his own hefty duties on foreign vehicles. The automaker, which is majority-owned by China’s Geely Holding, currently faces a steep 27.5% tariff on its imports.

President Donald Trump’s bizarre pivot from one extreme to the other in the Jeffrey Epstein fever swamps dominated the news in recent days, for understandable reasons. This was a

But this shopping could cost consumers a little bit more this year. On Saturday, President Trump announced 30% tariffs against Mexico and the European Union beginning August 1 that could impact the price of many consumer goods. Some shoppers are already seeing higher clothing prices as a result of the tariffs instituted in April.

President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.

President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.

President Donald Trump's 30% tariffs on European Union goods could drive up costs across the world's alcohol trade. The EU is eyeing retaliatory measures.

The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday.