The European Union announced it will postpone the implementation of its trade countermeasures against the United States until early August, in an effort to buy more time for negotiations over new tariffs introduced by the U.

Economists had already downgraded growth for the European Union, and the new duties would hit industries there especially hard. Companies are looking for ways to blunt the impact.

German Chancellor Friedrich Merz is working with EU leaders to prevent 30 percent U.S. tariffs before the August 1 deadline amid escalating trade tensions.

President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.

President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

President Donald Trump says he will raise taxes on imported goods from Canada to 35%, deepening a rift between two North American countries that have suffered a debilitating blow to their decades-old alliance.

The European Union (EU) is stuck in limbo as uncertainty persists around when a trade agreement with the U.S. might be reached.