Existing US tariffs dragged on EU growth by 0.4 per cent of GDP last year, according to Goldman Sachs. The new tariffs could hit Eurozone growth by between 0.2 and 0.5 per cent of GDP, thinks Capital Economics. This would represent a significant downgrade in the current consensus expectation for Eurozone growth of 1.1 per cent this year.

Trump said the 10% duties on eight European countries would increase to 25% on June 1 unless a deal is reached.

The president escalated his drive to take charge of the Danish territory, targeting Denmark and seven other European countries with a 10 percent rate.

US President Donald Trump said he is considering applying new tariffs on countries that oppose his ambition of annexing Greenland.

The Trump administration has numerous tariffs in place, impacting global trade and relations with dozens of countries. Here's what to know.

The European Union is in talks to potentially impose tariffs on €93 billion ($108 billion) of US goods if President Donald Trump follows through on his threat to hit European countries with a 10% levy on Feb.

President Donald Trump said Saturday the United States will impose new tariffs on several European countries unless a deal is reached for the purchase of Greenland, escalating his long-running push for US control of the Arctic territory.

Modeling from the Washington think tank finds that tariffs imposed by the current Trump administration amount to an average tax increase of $1,100 per U.S. household in 2025, rising to $1,500 in 2026.