One-fifth of the EU’s exports are heading to the US. Tariffs on the carmaking sector hit the German economy the most, but potential tariffs on the pharmaceutical one could cost substantially to the Irish economy.

With Trump’s tariff deadline looming over Europe, Myron Brilliant argues that a limited deal is better than no deal.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

LONDON] Some European Union carmakers and capitals are pushing for an agreement with US President Donald Trump that would allow for tariff relief in return for increasing investment in the US, according to sources familiar with the matter.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

The development comes as the European Commission, which handles the EU’s trade matters, has only about a week to reach a deal with the US to avoid a whopping 50 per cent tariff rate on all its goods g

Donald Trump's top trade negotiators have added more time to the clock after the White House failed to reach its 90 deals in 90 days target.