The U.S. will impose a 15% tariff on imports of European cars, pharmaceuticals and other products, according to a joint statement announced Thursday by the Trump administration and European Union.

The US and EU just moved one step closer to reshaping the world's biggest trading partnershipand the implications could hit fast. The joint statement released Thursday sets the stage for immediate tariff relief on European auto imports once the EU formally introduces its own industrial goods proposal.

An outline on the trade deal between the U.S. and the European Union (EU) has some good tariff news for the fashion and shoe industries. The tariff cap for the reciprocal rate is 15 percent, and more importantly,

The European Commission will keep pressing for a preferential tariff for wine and spirits exports to the U.S. that would spare the sector the 15% rate applied on most items under the EU-U.S. trade deal,

Juicing the Energy Sector The just announced trade deal between the U.S. and European Union is poised to light a fuse under domestic energy stocks. The Framework Agreement on Reciprocal, Fair, and Balanced Trade detailed in a joint statement this morning,

German Foreign Minister Johann Wadephul touted the EU's free trade agreement with Indonesia on Wednesday as he continued his inaugural trip to Asia with a visit to Jakarta. At a meeting with his Indonesian counterpart Sugiono,

China extended on Monday its anti-subsidy investigation into European Union dairy imports by six months, one front in a wider trade war with Brussels and Washington.

The EU’s exports to the U.S. declined in June and hit their lowest level since the end of 2023, according to statistics agency Eurostat.