On Monday, the commission is expected to present member states with a second package of retaliatory tariffs that could be deployed if negotiations fail. Diplomats were told it will target about 72 ...

The European Union will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.

Europe’s trade commissioner insists ‘we want to use every minute until 1 August to find a negotiated solution’.

The bulk of the exports targeted are industrial goods, totaling €65.7 billion, while €6.4 billion in agricultural products would also be hit if EU countries back the new retaliatory tariffs.

Brazilian President Luiz Inácio Lula da Silva says he will impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50%.