The only acceptable tariff on European Union exports to the United States would be zero as the bloc is already facing a detrimental exchange rate, the head of Italy's business lobby said on Wednesday.

The European Union has finalized a second list of countermeasures to target U.S. goods worth $84 billion, including Boeing Co. aircraft, automobiles and bourbon, if it decides to retaliate against Donald Trump's tariff policy.

The pause on many tariffs was supposed to end this week, but it didn't. Get the inside scoop on tariffs and what they mean for your budget.

The euro dipped on Monday and the dollar gained against a basket of currencies, as traders largely shrugged off new tariffs ahead of key U.S. inflation data on Tuesday.

The EU paused planned countermeasures against the US after Trump delayed a tariff hike. But a new 30% rate has the bloc considering retaliation.

US–EU tariff dispute threatens European regional air connectivity and travel economy, casting a shadow over plans for post-pandemic recovery across the

European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.