The Trump administration sees tariff talks as a chance to pressure a rival into concessions. E.U. officials have acted as though they were dealing with an ally.

Global stocks and the dollar tumbled on Friday after U.S. President Donald Trump unleashed his latest unexpected trade bombshell by recommending 50% tariffs on European Union imports from June 1. An index tracking the U.

Pottery Barn is one of many retailers focusing more on business outside the U.S. And it seems to be a strategy to offset the cost of tariffs, and the potential downshift in spending from American consumers.

Trump's surprise 50% EU tariff triggers $300M in crypto liquidations as Bitcoin and altcoins reel from renewed trade war fears.