EU leaders condemned US President Trump's surprise tariffs on EU exports, warning of inflation, disrupted supply chains, and economic fallout. Officials promised proportionate countermeasures if negotiations with Washington fail.

European Council President Antonio Costa affirmed the EU's solidarity and readiness to protect its economic interests following U.S. President Donald Trump's imposition of 30% tariffs on EU goods. Costa emphasized the negative impact of tariffs on inflation and economic growth,

U.S. President Donald Trump's surprise announcement of sweeping 30 percent tariffs on European Union (EU) exports on Saturday has provoked a fierce backlash across the bloc, with officials and industry leaders demanding a strong and united response amid continued trade talks.

However, von der Leyen, head of the EU executive which handles trade policy for the 27 member countries of the EU, said it was also ready to keep working towards an agreement by August 1. "Few economies in the world match the European Union's level of openness and adherence to fair trading practices,

(Reuters) - Consumer price inflation in France rose to 0.9% in June, slightly above analysts' expectations and the preliminary reading, statistics office INSEE said on Friday.

The EUR/GBP cross trades with mild gains near 0.8625 during the early European session on Thursday. Optimism around the United States (US)-European Union (EU) deal underpins the Euro (EUR). The German June inflation data will be released later on Thursday. On Friday, the attention will shift to the UK Gross Domestic Product (GDP) report.

France's harmonized inflation rate, adjusted for comparison with other euro zone countries, was 0.9% year-on-year in June, up from 0.6% in May, INSEE confirmed.

Plurimi Wealth Chief Investment Officer Patrick Armstrong discusses the potential impact of US tariffs on Europe. "I think the EU has got enough clout that any deal will not basically get rid of European manufacturing,