Trump says EU-US tariff deal 'possible'
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US and EU 'making progress' on trade deal
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European trade ministers pledged unity Monday after U.S. President Donald Trump announced 30% tariffs on the European Union.
The United States is threatening 30 percent tariffs on EU goods, risking a trade war as Brussels readies $84 billion in potential countermeasures. Talks continue amid fears of economic fallout and efforts to secure new trade deals worldwide.
The bloc’s trade commissioner says the two sides were close to a deal before the president last week threatened to impose a 30 percent levy.
European automakers are storing thousands of cars at ports in Europe holding out hope that US President Donald Trump will eventually relent and lower, or perhaps even abandon, sweeping tariffs. However, this appears to be increasingly unlikely and vehicles may continue to pile up at ports.
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.
President Trump is threatening Mexico and the European Union, two of the largest U.S. trading partners, with 30% tariffs starting in August if they don't reach a trade deal with the U.S. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means for U.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
European trade ministers are meeting in Brussels on Monday, following U.S. President Donald Trump’s surprise announcement of 30% tariffs on the European Union.
President Donald Trump's 30% tariffs on European Union goods could drive up costs across the world's alcohol trade. The EU is eyeing retaliatory measures.
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