The EU has enormous economic clout as the biggest single market in the world, but does not want to risk a backlash.

Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure. View on euronews

The tariffs imposed by US President Donald Trump are a major blow to the world economy. The European Union is ready to take countermeasures if negotiations with Washington fail, European Commission President Ursula von der Leyen reports.

US President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish. These new import taxes, which Trump imposed via executive order,

US President Donald Trump just announced steep tariffs on the country’s major trading partners. Here’s what to know. ‘Reciprocal tariffs’: The US will impose so-called reciprocal tariffs on China of 34 per cent and hit the EU with a levy of 20 per cent.

We’re not taking it anymore," the president said, announcing the U.S.' tariffs would amount to half of trading partners'.

President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners - a 34% tax on imports from China and 20% on the European Union, among others - that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.

European tech regulations are barriers to trade that disproportionately affect American companies, according to a U.S. trade report published one day before President Trump’s planned reciprocal tariffs.

President Donald Trump has signed sweeping tariffs of at least 10% on practically all goods coming into the United States, plus even higher rates on dozens of countries that have the highest trade deficits with the United States.