European exporters say a 30% U.S. import tariff would drive prices unsustainably high and hammer their sales. While some manufacturers are shifting their supply chains stateside or elsewhere, not all businesses have the same flexibility — and can't easily replace the developed U.

EU trade ministers have agreed that U.S. President Donald Trump’s 30% tariffs announced on the European Union are “absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move.

EU trade ministers met in Brussels to discuss 30% tariffs announced by President Donald Trump over the weekend.

Shares of U.S. spirits distillers slid in late trading amid reports that President Trump is pushing for a 15%–20% baseline tariff on imports from the European Union. Faced with the possibility of reciprocal tariffs on American exports of wine,

The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.

The European Union is pushing to secure a trade deal with the U.S. ahead of President Donald Trump’s Aug. 1 deadline.

President Donald Trump announced that he is extending the deadline for a 50% tariff on the European Union until July 9, a measure he had earlier said would go into effect on June 1. "I received a ...