The European Union dominates critical pharmaceutical imports into the United States, making the 30% tariffs Trump threatened to go into effect Aug. 1 particularly risky.

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

The European Union and the United States are heading towards a trade deal that would result in a broad tariff of 15% applying to EU goods imported into the United States, two diplomats said on Wednesday.

Shares of Japanese, South Korean and European automakers surged on Wednesday after U.S. President Donald Trump agreed to a trade deal with Tokyo that included reducing tariffs on Japanese auto imports to 15%,

The European Union has its problems, but the bloc is gaining public trust and making new friends. President Trump’s attacks are one reason why.

According to the publication’s sources, the EU Commission is currently preparing legislation that would see rental car companies like Sixt, Hertz, and Europcar tasked with adopting all-electric fleets by 2030.

The Council of the European Union – often referred to as the Council of Ministers, or simply the Council – forms one part of the legislature and the budgetary authority of the Union.

The US State Department in the social network X accused Europe of non-observance of freedom of speech and excessive censorship.

The European Union still wants a deal, but with U.S. demands growing, the bloc is getting ready to push back.

The European Union is racing to clinch an agreement with the Americans before tariffs kick in on Aug. 1, even as President Trump has signaled he is in no rush.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.