While the majority of European leaders were quick to condemn the US tariffs, Hungarian Foreign Minister Peter Szijjarto laid the blame squarely at the EU's feet. Hungary's leader, Viktor Orban, is widely seen as Trump's biggest ally in Europe.

The European Union is realistic about what near-term deliverables the bloc’s chief trade negotiator, Maros Sefcovic, can attain when he begins talks with his US counterparts on Friday about President Donald Trump’s far-reaching tariffs.

Britain said it believed a trade deal with the United States was close as it sought to soften the impact of U.S. President Donald Trump's sweeping tariffs which threaten an escalating global trade war that would hurt its open economy.

Trump imposed the steepest US tariffs in more than a century, stepping up his campaign to reshape global trade.

Shares slid further in Europe and Asia and U.S. futures also fell Friday as investors counted the potential costs of U.S. President Donald Trump’s latest set of

Yet the calls for making a deal from the EU, the U.K. and Japan indicated a lack of appetite for escalating trade tensions with the world's biggest economy and fear that slapping tariffs on U.S. goods will only make things worse.

European shares tumbled on Thursday, notching their biggest daily loss in eight months, on fears an escalating trade war would slam the brakes on economic growth in the wake of hefty tariffs announced by U.

President Trump announced sweeping levies on countries across the world. Washington’s partners have been bracing for the fallout.