The U.S. dollar is down 6% versus the euro so far in 2025, which means European vacations are unlikely to be a bargain this summer.

Some Europeans have acknowledged U.S. grievances over trade but wonder whether the Trump administration is serious about finding a middle ground.

The EU's message is that it is ready to negotiate with the US but at the same time poised to hit back too.

Tariffs are taxes charged on goods imported from other countries. Companies bringing the goods into the country pay the amount, typically a percentage of the goods' value, to the government. Trump has announced a 10% "baseline" tariff on all imports to the US – this is what the UK will face.

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.

President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.

European shares tumbled on Thursday, notching their biggest daily loss in eight months, on fears an escalating trade war would slam the brakes on economic growth in the wake of hefty tariffs announced by U.

BBC reporters look at how the latest US import taxes are seen in the EU, China, India, the UK and South Africa.

Donald Trump's tariffs will "clearly" have an economic impact on the UK and globally, Prime Minister Sir Keir Starmer has told business leaders in Downing Street. On Wednesday, the US president announced taxes on goods coming into his country including 10% on all UK imports and 20% on those from the European Union.

A brewery trade group which represents Carlsberg, Asahi and brands from 28 countries has decried President Donald Trump’s latest 25 per cent tariff on beer imports to the United States. They say they’ve become a “collateral victim” of levies imposed on Wednesday afternoon as part of the president’s “liberation day” announcement.

The biggest losers amid escalating US trade war - As Donald Trump is unleashed a fresh slate of tariffs on so-called ‘Liberation Day’, data correspondent Alicja Hagopian examines which countries are most at risk from new tariffs on up to $3.

Canadian prime minister Mark Carney on Wednesday vowed to counter tariffs imposed by the Trump administration. Speaking shortly after President Donald Trump announced far-reaching new tariffs on nearly all U.

President Trump's newest tariffs sparked pledges by Canada's prime minster to 'fight' back while some said they were committed to working with partners and others look to take on Washington.

Canada will fight U.S. President Donald Trump's tariffs with countermeasures, Prime Minister Mark Carney said on Wednesday.