After announcing the response, the EU released a 99-page list of possible items that could be subject to tariffs, including fruit and vegetables, meat, alcoholic beverages, nicotine vapes and chewing gum.

President Donald Trump has taken a significant step to reduce grocery prices by removing tariffs on a range of imported agricultural products. The executive order, signed on Friday afternoon, targets goods that are generally not grown or produced in the United States,

US president Donald Trump’s 15% baseline tariffs on EU imports may read like a throwback to old-school protectionism, designed to safeguard American jobs and manufacturing. But in today’s globalised and digitally driven economy, the risk isn’t just to steel or car factories, it’s to innovation itself.

The European Parliament began debating on Tuesday whether to make the EU-U.S. tariff deal conditional on concessions from Washington and limited in time, which could reignite trade tensions with the Trump administration.

President Donald Trump’s new tariffs are targeting Italian pasta with a whopping 91.74% duty. The move follows a U.S. investigation accusing major Italian brands of “dumping” pasta at unfairly low prices.

Trump says tariff income will fund $2,000 checks for Americans. However, Congressional approval is still needed.

It’s clear that EU food and beverage exporters are reconsidering their approach to the US market as tariffs and the weaker dollar bite.

“The use of tariffs the way that President Trump is using them is like — just broadscale attack on an economy as a way to incentivize a foreign government to change their posture,” said Kilcrease, now a director at the Center for a New American Security think tank.

The United States and Switzerland announced a framework trade agreement on Friday that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the U.