European Commission President Ursula von der Leyen met U.S. President Donald Trump on Sunday to clinch a trade deal that would likely result in a 15% tariff on most EU goods, but end months of uncertainty for European Union companies.

The EU is ready to counter with tariffs on $140 billion worth of US goods if no deal is reached. Read more at straitstimes.com. Read more at straitstimes.com.

A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

Higher country-specific reciprocal tariffs that were unveiled on April 2 but postponed for 90-days to allow breathing room for negotiations are set to snap back into place on Friday. The Senate Ag Committee holds a hastily arranged hearing on Ag Secretary Brooke Rollins' sweeping plan to reorganize the department.

President Trump plans to impose 30% tariffs on EU imports starting August 1, prompting French dairy leaders to warn of 'disastrous' impacts on their exports.

Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”

President Trump just announced new 30% tariffs on European Union goods. That means many items from Europe will get more expensive in the U.S. We’re talking about wine, cheese, pasta, cars — and even some medicines. Italy’s wine industry says the tariff could block 80% of Italian wine exports.

Economists had already downgraded growth for the European Union, and the new duties would hit industries there especially hard. Companies are looking for ways to blunt the impact.