U.S. President Donald Trump's tariffs threaten the American economy at least as much the European one, German Finance Minister Lars Klingbeil said on Wednesday, calling for a "fair deal" with the Americans.

President Donald Trump's announcement of 30% tariffs on the European Union will have repercussions for companies and consumers on both sides of the Atlantic.

A DEAL BETWEEN the US and EU to prevent the implementation of tariffs on European goods exported to America is “possible”, President Donald Trump has said. Negotiators are under renewed pressure to strike a deal after Trump last week threatened a 30% tariff would be in place for the EU if a new trade agreement was not reached by 1 August.