A new Trump tariff threat targets a bloc of 27 countries that add up to the largest U.S. trade partner.

A long-stalled free trade agreement between the European Union and Mexico could be signed by the end of the year, Italian Foreign Minister Antonio Tajani said on Thursday.

On Wednesday, the European Commission set out a new strategy to strengthen the European Union’s common market, a move meant to protect the bloc from mounting trade pressure and fresh tariffs threatened by the United States.

The Group of Seven finance and central bank chiefs have agreed on wording for a communique although there were compromises regarding global trade, says the European Union's top economic official. "We managed to find a lot of common ground,

The European Union was expected to share a revised trade proposal with the US, as it aims to inject momentum in talks with President Donald Trump’s administration amid lingering skepticism that a transatlantic deal can be reached.