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.

The United States will impose a 30% tariff on goods imported from the European Union and Mexico starting August 1, as announced by President Donald Trump. Experts warn of potential trade conflict, especially if retaliatory measures are taken by the EU,

Investors awaited tariff news between the U.S. and European Union on Friday that could add a potentially volatile development to the end of a week in which President Donald Trump reignited his global trade war.

Cars and tariff levels on agriculture have emerged as key sticking points between the European Union and the US as the two sides work toward a provisional trade agreement in the coming days, according to people familiar with the matter.

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