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

The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.

European trade ministers are hopeful for a negotiated trade deal after President Donald Trump announced 30% tariffs on the European Union.

U.S. President Donald Trump over the weekend said he would slap a 30% tariff on goods imported from the European Union from Aug. 1. EU leaders have said they are still aiming to come to an agreement with the U.S. before the tariffs kick in. Economists said they still expect that a framework agreement can be reached in time.

Aircraft, machinery, cars, chemicals and medical devices are the leading big-ticket items on the latest list of U.S. goods the European Commission has proposed to impose tariffs on if talks with Washington do not yield an agreement on trade.

President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.

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.

President Donald Trump announced new tariffs on the European Union and Mexico that will take effect on Aug. 1.