The 27-country bloc faces a tariff rate of 30% on imports to the U.S. if no deal is struck by next Friday. The EU is also planning to raise levies on imports from the U.S. if a pa

President Trump traveled to Scotland on Friday to visit his golf courses and discuss trade with foreign leaders. CBS News senior White House correspondent Weijia Jiang has the details.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

The EU has failed to secure a reduction in Trump’s 50% steel tariff in a draft US trade deal, triggering warnings from Eurofer that the levy could be catastrophic for the industry.

Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”

LVMH's CEO Bernard Arnault plans to open a second factory in Texas; he said on Thursday, while the luxury group is anticipating a "good outcome" soon from trade talks between the U.S. and Europe, his finance chief said.