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.

Germany's Economy Minister Katherina Reiche warns that President Trump's proposed 30% tariffs on EU imports could harm European exporters and US consumers. She advocates for a swift and pragmatic resolution to the trade conflict to prevent further economic damage amid rising tensions.

A preliminary agreement to ease the tariff dispute with the US is considered imminent, but the EU is concerned about the negotiations of a comprehensive deal and the transatlantic relationship that will follow.

The US economy is expected to slow the rest of the year as tariffs take a bigger toll on consumers and businesses, immigration constraints intensify

The EU is prepared to retaliate if the U.S. imposes a 30% tariff on European goods. European leaders vow unity and caution against U.S. trade policies. The potential tariffs could significantly impact EU exporters and American consumers,

European officials are increasingly resigned to a 10% rate on "reciprocal" tariffs being the baseline in any trade deal between the United States and the European Union, five sources familiar with the negotiations said.

Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive ...

US tariff policy reduces trade and heightens uncertainty, decelerating both economic and insurance premium growth around the world, a recent Swiss Re

Impact on the European Union: Direct effect : About 2% of EU27 GDP depends on US demand. With tariffs of 20%, volumes to the US are likely to decline by about 15%.