Germany and France are pushing the European Union to prepare retaliatory tariffs against the United States unless the White House agrees to drop a fresh round of trade penalties by August 1, according to the Financial Times.

The European Union could hit the United States with counter-tariffs on 93 billion euros ($109 billion) worth of U.S. goods if the two sides fail to reach a trade deal by Washington's August 1 deadline for imposing import levies.

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

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

A growing number of European Union member states, including Germany, are considering using wide-ranging “anti-coercion” measures targeting US services

The European Union has returned U.S. spirits to its proposed list of retaliatory tariffs. Here's what that could mean for Kentucky's bourbon industry.

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 ...

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.