European Commission President Ursula von der Leyen has unveiled a proposal for a long-term EU budget that she says will total $2.3 trillion.

President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.

European stocks ticked up on Tuesday after US President Donald Trump indicated he is open to more trade negotiations with the European Union and Nvidia Corp. said it planned to resume sales of its H20 AI chip to China after securing Washington’s backing.

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

European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.

The European Union will invest €202m ($236m) in the International Fusion Materials Irradiation Facility – DEMO-Oriented Neutron Source.

The European Union has finalised a second list of countermeasures to target US goods worth €72 billion ($84 billion), including Boeing Co. aircraft, automobiles, and bourbon, if it decides to retaliate as transatlantic trade tensions intensify.

The European Union will meet with representatives from Elon Musk's xAI to discuss problems with its social network X and integrated Grok chatbot. Grok generated and spread antisemitic hate speech across X and praised Adolf Hitler. xAI issued an apology on Saturday and said the problematic content was generated following a code update.