It may look like the European Union is getting off relatively lightly from the new U.S. tariffs, at least compared with Asian countries such as China. Unfortunately, the new taxes on Asian goods will also hurt European countries.

President Trump’s trade war adds another challenge to the incoming government’s attempts to revive Europe’s biggest economy.

U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.

Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

President’s ‘Liberation Day’ announcement spares UK from worst of tariffs but will undo trade arrangements that have been in place since 1947

Trump has vowed to impose “reciprocal tariffs” on all nations that he claims disadvantage American products through trade, tax, or regulatory policy.

World markets were left reeling on Thursday after U.S. President Donald Trump unveiled reciprocal tariffs to match duties put on U.S. goods by other countries.

President Trump has announced sweeping tariffs aimed at most if not all of America's trading partners following promises he made while on the campaign trail. But how will they affect the world economy?

Trump stokes trade war as world reels from tariff shock President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.