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U.S. tariffs on European goods threaten to shake up the world's largest trade relationship
The European Commission describes the trade between the U.S. and the EU as "the most important commercial relationship in the world.” The value of EU-U.S. trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, or an average of 4.6 billion euros a day, according to EU statistics agency Eurostat.
Tariffs threaten to shake up big trade relationship
The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic.
The enduring tariffs from President Trump's administration continue to shape global trade dynamics, affecting both the US and ...
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.
Treasury Secretary Scott Bessent said tariff letters will be sent to about 100 countries over the next several days, as the Trump administration’s 90-day tariff pause comes to an end Wednesday.
The U.S. and the European Union have not yet struck a trade deal with just days to go before Trump’s tariff reprieve is set ...
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