Reuters UK Business

Trump intensifies trade war with threat of 30% tariffs on EU, Mexico

13 Jul 2025

By Jarrett Renshaw, Bhargav Acharya and Cassandra Garrison WASHINGTON/MEXICO CITY (Reuters) -President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal. In an escalation of …

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Germany finance minister: EU must be ready to counter US tariff hike

13 Jul 2025

By John Revill (Reuters) -German Finance Minister Lars Klingbeil said on Sunday that the European Union must take firm action against the United States if tariff negotiations fail to ease the escalating global trade conflict. President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the EU starting on …

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French wine and cheese makers say U.S. tariffs would hit hard

13 Jul 2025

(Corrects estimated amount of losses in paragraph 6) By Gus Trompiz and Ardee Napolitano PARIS, July 13 (Reuters) – French cheese and wine producers have warned of the damaging impact that U.S. President Donald Trump’s threatened 30% tariffs on imports from the EU would have on the country’s agriculture industry. A 30% duty would be …

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Ferrari Chair John Elkann settles inheritance tax dispute in Italy

13 Jul 2025

MILAN (Reuters) -Stellantis and Ferrari Chairman John Elkann and his siblings Lapo and Ginevra have settled a tax dispute in Italy over the inheritance of their grandmother Marella Caracciolo, a spokesperson for the three brothers said on Sunday. The case, opened last year, alleged that the three did not pay taxes in the country on …

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Senior German politician expects more talks in EU tariff dispute with Trump

13 Jul 2025

ZURICH (Reuters) -A senior German politician said on Sunday the European Union and Washington could negotiate further and postpone higher import duties after U.S. President Donald Trump ramped up the trade war by threatening a hike in tariffs on the bloc. “The negotiating poker game between the EU and the U.S. is entering its decisive …

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Europe should activate countermeasures against Trump tariffs, lawmaker says

12 Jul 2025

BERLIN (Reuters) -A senior European lawmaker said on Saturday Brussels should react immediately with countermeasures against U.S. President Donald Trump’s “outrageous” threat to hike tariffs on imports from the European Union. The EU had been negotiating intensively with Washington for more than three weeks and had made concessions, said Bernd Lange, the head of the …

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Reaction to Trump announcement of 30% tariffs on EU, Mexico

12 Jul 2025

(Reuters) -Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting on August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday. Following are reactions to the announcement: EUROPEAN COUNCIL PRESIDENT ANTONIO COSTA The European Union “remains firm, united and ready …

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Dutch PM says announced US tariffs on EU goods are ‘concerning’

12 Jul 2025

AMSTERDAM (Reuters) -The U.S. announcement it will impose a 30% tariff on EU goods from August 1st is “concerning” and not the way forward, Dutch Prime Minister Dick Schoof said on social media platform X on Saturday. “The European Commission can count on our full support. As the EU we must remain united and resolute …

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EU’s von der Leyen warns of countermeasures if U.S. 30% tariffs go ahead

12 Jul 2025

BRUSSELS (Reuters) -The EU is prepared to take the necessary steps to safeguard its interests if the U.S. proceeds with imposing a 30% tariff on European goods starting Aug 1, European Commission President Ursula von der Leyen said on Saturday. Von der Leyen, who heads the EU’s executive arm, said in a statement that the …

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