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Trade tensions between the United States and the European Union have intensified, as former President Donald Trump escalates demands for significantly higher tariffs in ongoing negotiations. With an August 1 deadline looming, both sides face a standoff that could trigger retaliatory measures and unsettle global markets.

U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.

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

President Donald Trump on Saturday announced 30% tariffs on the European Union and on Mexico, cementing a new high level of levies with key trading partners ahead of an Aug. 1 implementation.

President Donald Trump announced Saturday his administration is imposing 30% tariffs on imports from the European Union and Mexico, hiking up the tariff rate for two of the U.S.'s biggest trading partners despite lengthy negotiations.

Donald Trump has announced he will impose a 30% tariff on imports from the European Union from August.

The president made the announcement on social media, even as the EU was hoping for a trade agreement

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On this week's episode of ETF Prime, Kirsten Chang, senior industry analyst at VettaFi, joins host Nate Geraci to highlight key takeaways from VettaFi's Midyear Market Outlook Symposium. Later, Lance Humphrey from Victory Capital discusses the VictoryShares ETF lineup and offers insights into the current market environment.

Goldman Sachs Bank Europe CEO Wolfgang Fink discusses the German economy and investor sentiment on the sidelines of the Goldman Sachs European Financials Conference in Berlin.