European Commission President Ursula von der Leyen described U.S. President Donald Trump's universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed.

Despite previous reservations, France held a meeting with 10 EU countries to discuss a possible trade deal with Latin America's Mercosur bloc, a day after the United States unleashed a global trade war,

Aerospace firms sought to contain a minefield of pressures on Thursday after an Airbus-led body urged the European Union to hit back against U.S. President Donald Trump's tariffs and one of Europe's biggest airlines warned of higher fares.

Banking regulator finds 60 out of 267 banks have insufficient US dollar funding to cover exposures in the currency

Alongside Wall Street, global stock markets took a beating after Trump unveiled a 10% baseline tax on all imports, as well as higher tariff rates for some major trade partners.

WARSAW (Reuters) - European countries are already providing more than half of Ukraine's ammunition needs, recently put at two million rounds by Ukrainian President Volodymyr Zelenskiy, European Union foreign policy chief Kaja Kallas said on Thursday.

The UK and the European Union are expected to work toward linking their carbon markets at a summit next month, a move that would underline improving relations five years after Brexit.

Die Europäische Union, wichtigster Handelspartner der USA, hat Vergeltungsmaßnahmen angekündigt, nachdem US-Präsident Donald Trump im Rahmen seiner Bemühungen um einen Umbau des globalen Handelssystems umfassende Zölle gegen die Gemeinschaft angekündigt hatte.

"They hate our beef because our beef is beautiful and theirs is weak," Lutnick said of the European Union.