The European Union needs a new budget that would allow it to respond to crises like Russia’s war on Ukraine or climate change, fund railways and energy grids, and protect farmers’ livelihoods, the EU chief said Wednesday while unveiling her proposal totaling 2 trillion euros ($2.

“If (the tariff) stays 30 (percent) plus, simply trading as we know it will not continue, with huge negative effects on both sides of the Atlantic,” he added.

Aircraft, machinery, cars, chemicals and medical devices are the leading big-ticket items on the latest list of U.S. goods the European Commission has proposed to impose tariffs on if talks with Washi...

US President Donald Trump says talks with the European Union over a trade agreement are "making progress" - but warned that 30% tariffs on goods from the bloc was already a deal in his eyes. The EU has sent a team of trade experts to Washington for technical-level talks as pressure mounts to secure a deal with the Trump administration before the

Ireland is "now at a moment of major economic challenge", Tánaiste (Irish deputy prime minister) Simon Harris has said.

An earlier estimate by German economic institute IW found tariffs of 20% to 50% would cost Germany's 4.3 trillion euro economy more than 200 billion euros between now and 2028.