The CEO of Barclays Europe shares his views on the potential impact of tariffs on Europe's economy and whether the continent is still economically attractive to investors. View on euronews

U.S. objections to VAT, which applies in 170-plus countries, are hard to address. Brussels says it is similar to U.S. sales tax and not a tariff. Moreover, taxes are set by individual member states and so cannot be negotiated by the Commission.

The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the European market after Washington imposed new tariffs.

President Donald Trump has threatened a 200% tariff on all alcoholic products shipped from the European Union, dismaying drinkers, restaurateurs, bar owners and suppliers across the US.

U.S. President Donald Trump on Wednesday vowed to respond to the European Union's threat to impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month after Trump implemented blanket tariffs on steel and aluminum imports.

Now, with the potential 200% tariffs on liquors from the European union that the Trump administration announced last week, he doesn’t see how his business would be able to stay

Illinois produced 1.3 million gallons in 2023. Chart: Axios President Trump's trade war spilled into the alcohol sector last week with threats of massive levies on European wine and champagne. Why it matters: The U.