European Union, US and tariffs
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European Commission President Ursula von der Leyen announced that she is to meet with US President Donald Trump during the weekend in Scotland in a post on Friday, amid fears about the looming tariff cliff.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
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European Union countries have expressed broad support for one round of 30% retaliatory tariffs if the United States does not reach a trade deal with the EU.
As the Aug. 1 deadline for a trade deal between the U.S. and Canada draws near, U.S. President Donald Trump said Friday he may just impose tariffs rather than reach a deal.