EU has votes to impose retaliatory tariffs on U.S.
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A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
Lothar Schupet, Europe CEO of Zeekr discusses demand for Chinese EV brands, and explains the company's strategy for global expansion.
President Donald Trump's announcement of 30% tariffs on the European Union will have repercussions for companies and consumers on both sides of the Atlantic.
SSAB's earnings fell more than expected in the second quarter, hit by lower steel prices and a weakening European market due to tariff-driven uncertainty, the Swedish steelmaker said on Wednesday, sending its shares more than 7% lower.
European stocks trimmed declines into the close of trading Friday as the prospect of a tariff deal boosted automakers and luxury-goods makers.
Economists had already downgraded growth for the European Union, and the new duties would hit industries there especially hard. Companies are looking for ways to blunt the impact.
German auto giant Volkswagen is feeling the effects of President Trump's tariff policy. An EU-US trade deal can't come soon enough for the Wolfsburg-based automaker.
The counter-tariffs announced by the European Commission on American goods could affect around 30 percent of Dutch imports. This refers to the value of these imports, according to Statistics Netherlands.