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.

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.

European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a starting on June 1.