The European Union’s resolve to take on the might of Silicon Valley is set to be tested to the limit after Donald Trump threatened retaliation for fines that hurt some of America’s biggest companies.The US President warned last week that he’d strike back with heavy tariffs following any “disproportionate” penalties and said that the EU’s Digital Markets Act is in his crosshairs.
A top European Union official, who is trying to head off a potential trade conflict, stressed the importance of active engagement and fairness in trade during a four-hour meeting with Trump administration officials on Wednesday.
Meanwhile, Silicon Valley’s executives --- Tesla and X chief Elon Musk, most famously -- have wholeheartedly embraced the Trump White House. In general, the companies have chafed at the EU regulations. At an artificial intelligence summit held this week ...
The European Union can negotiate on reciprocal tariffs with the United States but will not give up its right to regulate in areas such as taxation and digital platforms, the chair of the European Parliament's trade committee said on Friday.
The European auto industry faces a protracted period of damaging U.S. tariff negotiations as President Trump seeks an overall level playing field for trade.
A report published last week said the EU is considering blocking imports of certain American food products in response to President Trump's tariff policy.
The EU's competition chief says U.S. President Donald Trump has upended the "trustful relationship" between the United States and Europe, and that Brussels should focus on providing the predictability and stability that is lacking in Washington.
The announcement came hours before Trump met with visiting India Prime Minister Narendra Modi at the White House.
The US President warned last week that he'd strike back with heavy tariffs following any "disproportionate" penalties and said that the EU's Digital Markets Act is in his crosshairs