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‘A very big day for free and fair trade’: Trump announces preliminary deal with EU to avoid full-blown trade war
Trump announces deal with EU to avoid a trade war, causing the Dow Jones to spike 140 points
The EU is already preparing for trade talks with Trump to fail — and is readying a major retaliation
"If the US would impose these car tariffs, that would be very unfortunate, but we are preparing together with our member states a list of rebalancing measures as well," the European Union's trade chief, Cecilia Malmstrom, said on Thursday.
THE TRADE WAR IS HERE: Trump sets off a chain reaction with massive tariff announcements as countries vow to retaliate
Canada, the UK, and the European Union are already issuing warnings and expressing concern about the US's recently announced tariffs on steel and aluminum.
The prime minister has until the end of the week to agree a Brexit divorce deal.
The prime minister attempted to make a breakthrough in Brexit talks but failed to do so despite attempting to persuade EU and European leaders.
The prime minister will visit top EU officials with Brexit Secretary David Davis to try and persuade them to allow Brexit talks to progress.
The European Commission president insisted that the UK will "have to pay" in order to progress Brexit talks.
Juncker said Davis' lack of involvement in Brexit negotiations risked "jeopardising" the chances of a successful negotiation.
Martin Selmayr, chief of staff to the European Commission President, said that Brexit could "legally" still be stopped.
The prime minister is reportedly planning to appeal to European leaders to approve talks on future UK-EU trade getting underway in autumn.