The European Union's trade chief met with Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer Tuesday in Washington.

The measure is intended to bring car factories to the United States but could increase prices for consumers significantly. The president said the tariffs will start next week.

Trump has also said he will require his cabinet members to cancel an even higher ratio of existing regulations relative to any new ones they implement—higher than what we had the first time. The first time, you were required to cancel two for each one you put in. He may be pushing for as many as eight, but certainly more than two. That’s one thing.

European shares fell to a two-week low on Thursday, led by auto stocks after U.S. President Donald Trump's plans for 25% import tariffs on all vehicles and foreign-made auto parts fuelled fears that a trade war could slow global growth.

The European Union expects the US to apply a double-digit tariff rate across the bloc when President Donald Trump announces a sweeping package of so-called reciprocal duties on April 2.

President Trump on Thursday threatened to impose larger tariffs on the European Union and Canada if they team up against the U.S., as an escalating trade war with the two allies continues. “If the European Union works with Canada in order to do economic harm to the USA,

Just days out from Trump’s April 2 announcement of global tariffs, which he has hailed as “Liberation Day,” even those closest to the president — from Vice JD Vance to his chief of staff Susie Wiles and his own Cabinet officials — have privately indicated that they’re unsure exactly what the boss will do,