The European Union and the U.S. should look at lowering tariffs on each other as part of a solution to U.S. threats of higher tariffs, the EU's trade envoy said. The comments from Maroš Šefčovič, the EU’s trade and economic security commissioner,

U.S. President Donald Trump has promised to address a longstanding trade deficit with the European Union, saying he will reverse that by imposing tariffs or making the EU buy more U.S. oil and gas.

President Donald Trump widened his tariff threats to include China and the European Union on his second day back in office after day one saw Canada and Mexico in his sights.