European producers say streamers investment obligation will improve local content, increase competitiveness against 'stone cold' U.S. market.

Stock markets in the United States and Europe retreated Friday as US President Donald Trump ramped up his trade offensive. Trump threatened a 35-percent levy on Canada. Trump dampened earlier optimism by firing off more than 20 letters to governments.

European Commission President Ursula von der Leyen said that there needed to be a “genuine rebalancing” in the China-Europe relationship.

Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.

Stocks plunged Friday after President Trump floated a 35% tariff on Canadian goods not governed by the USMCA trade pact — while threatening a new dictated levy on the European Union. The Dow Jones Industrial Average fell 279 points,

By Sukriti Gupta and Sanchayaita Roy (Reuters) -European shares fell on Friday after the U.S. President Donald Trump stepped up his tariff threats against Europe, while investors awaited a potential letter for levies on the 27-nation bloc.

European stocks dropped as US President Donald Trump ramped up his trade rhetoric and threatened blanket tariffs of 15% to 20% on most countries.

Canadian Prime Minister Mark Carney said his country would continue to work toward a new trade framework with the U.S.

The commercial relationship between the United States and the European Union, described by the European Commission as 'the most important trade relationship in the world,' is under significant strain due to President Donald Trump's tariff policy.

President Donald Trump said he plans to make a “major statement” on Russia, as the US prepares to send more American weapons to Ukraine via purchases from NATO allies.