To follow the ongoing tariff situation between the U.S. and the European Union (EU) is to develop a case of whiplash — especially when it comes to the fate of bourbon being sold abroad. © 2025 American City Business Journals.

The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, with a new emphasis on economic competitiveness and defence and plans to overhaul traditional spending on farming and regional development.

The European Commission advanced a $2.3 trillion budget proposal that would boost EU defense spending through the next three years.

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Please participate in our short survey .

The European Union's financial capabilities depend on this bill, which was presented to members of the European Parliament on Wednesday. It sets the amount of available resources for seven years, distributes them among the 27 member states and allocates funds to the various EU-wide policies.

Indonesia’s recent agreements with the Western superpower and the European bloc could set the path for other nations seeking similar arrangements. But experts warn against potential pitfalls and sacrificing domestic interests.

Following are some reactions to the European Commission's proposal on Wednesday for a 2 trillion euro ($2.31 trillion) EU budget for 2028-2034. The proposal places a new emphasis on economic competitiveness and defence while aiming to reform the rules around farm and economic development subsidies.

More than 70% of counties around the world have banned the death penalty, including the European Union. And yet in the U.S., capital punishment has hit a 10-year high. Distinguished Princeton University Professor Eddie Glaude and civil rights attorney Charles Coleman join Chris Jansing to discuss why this is a “moment of crisis” for the country.

The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels

A second tranche of retaliatory tariffs under consideration by the European Union would hit more than $7 billion in annual U.S. ag exports, according to a copy of a list obtained by Agri-Pulse.