Rising EU-US trade tensions raise concerns for European automakers over jobs, investment, and economic growth.

The European Union signaled its readiness to respond to the new 20% tariffs imposed by the United States on European products. However, European Trade Commissioner Maros Sefcovic is set to engage in talks with his US counterparts on Friday in an attempt to de-escalate the situation.

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global economy.

The European Commission could restrict US financial services firms’ activities in retaliation for Trump’s tariffs

President Trump escalates trade tensions with a 20% tariff on EU imports, joining China and India in a trade conflict. What are the implications?- Watch Video on English Oneindia

Central European countries are among the European Union member states most reliant on trade, with goods exports as a share of output ranging from 76.6% in Slovakia to 39.4% in Poland - all above a 34.2% average for the whole EU.

Each new crisis, whether over Ukraine or tariffs, has made the Italian prime minister’s balancing act that much harder.

U.S. Secretary of State Marco Rubio on Friday attempted to ease tensions with NATO members and the prime minister of the host country, Belgium, amid steep tariffs announced Wednesday.

As the United States and China go head-to-head in an ongoing trade war, RaboResearch conducted a thought experiment to see how the countries’ retaliation could affect supply and economies across the world.