The European Union is ready to talk to US President Donald Trump before making any more decisions on retaliatory tariffs, Ireland’s deputy prime minister said.The EU wants to make progress and engage with the US,

The European Union on Wednesday announced retaliatory trade action after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%, with duties on industrial and agricultural products that will go into effect April 1.

As tariffs "ramp up", those in Europe will "suffer most" because the EU's most important industries – cars, electrical equipment, appliances – are "exactly those where China has built the biggest advantages" and is "in position to grab the biggest piece" of any available "trade surplus pie".

U.S. President Donald Trump's sweeping tariffs on steel and aluminum imports went into effect Wednesday, attracting retaliatory measures from Europe.

U.S. President Donald Trump’s tariff threats have now hit European wine. The president threatened to slap a 200% levy on all wines and other alcoholic products coming out of Europe.

Stew Leonard's wine and spirits president Blake Leonard said consumers are stocking up as President Trump threatens to impose a 200% tariff on European alcohol.

Now, with the potential 200% tariffs on liquors from the European union that the Trump administration announced last week, he doesn’t see how his business would be able to stay