Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.

Some European Union member states are open to higher tariff rates by the Trump administration if enough items are exempt from them, Bloomberg reported, citing people familiar with discussions. Some me

The two sides have yet to yield a decisive breakthrough despite an earlier round of negotiations in Washington last week.

The European Union still wants a trade pact with the US, but the bloc said to be readying its counterattack as President Trump plays hardball and makes a no-deal outcome more likely. EU member states are pushing for new and stringent measures to retaliate against US companies,

EU trade chief Maros Sefcovic headed to Washington on Wednesday for tariff talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.

EU Pushes ‘Zero-for-Zero’ Tariffs in Response to First Salvo in Trump’s Trade War EU president warns ‘we are also prepared to respond through countermeasures and defend our interests.’ The European Commission president, Ursula van der Leyen, and President Macron before a working lunch, April 3, 2023, at the Elysee Palace, Paris.

The EU is also working on a further set of countermeasures in response to Trump’s blanket 20% tariff on all European goods, now suspended. That could include measures aimed at U.S. tech ...