European leaders met in Brussels to discuss countermeasures in the event that a deal can't be reached before the Aug. 1 deadline.

The announcement comes as Trump has pushed through his tariff agenda by unveiling a new batch of letters to over 20 trade partners outlining tariffs on goods imported from their c

After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.

European countries are not all equally exposed to the US market and so will not suffer the same consequences should President Donald Trump go ahead with his threats to impose

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

President Donald Trump announced new tariffs on imports from the European Union (EU) and Mexico, aiming to improve trade deals and national security, while economists warn of potential price increases.

India is in a wait-and-watch mode regarding the impact of US tariffs starting August 1, assessing the situation before formulating a response plan. Bilateral trade negotiations continue.

Inflation rose last month to its highest level since February, pushing up the cost of a range of goods. “We are seeing the impact of tariffs starting to push up the inflation rate,” says CBS News business analyst Jill Schlesinger.

US consumer inflation rose 2.7% in June, driven by higher energy costs and tariffs, according to government data.

U.S. consumer prices likely picked up in June, potentially marking the start of a long-anticipated, tariff-induced increase in inflation that has left the Federal Reserve cautious about resuming its interest rate cuts.

President Donald Trump has sent out around two dozen tariff letters in the past week, and one of the latest ones went to the European Union, threatening a 30% tariff on imports to the U.S. beginning Aug.