European leaders warned on Monday that U.S. President Donald Trump's threat to expand tariffs to the EU risked igniting a trade war that would harm consumers on both sides of the Atlantic.

Trans-Atlantic trade spats are nothing new. The 1965 “ Chicken War ,” which saw President Lyndon Johnson respond to European import restrictions on chickens with a 25% duty on imported trucks—a shelter from competition that gave rise to the explosion in pickup sales and which remains in place today.

But if Mr Trump hits Europe with hefty tariffs, as he has announced for Canada, Mexico and China (though Mexico’s have now been paused for a month), the EU will aim to find common ground and respond with a mix of playing tough,

European leaders warned on Monday that U.S. President Donald Trump's threat to expand tariffs to the EU risked setting off a trade war that would cause economic harm on both sides of the Atlantic. European Union foreign policy chief Kaja Kallas said if the U.

European indexes were trading down in opening European trade after U.S. President Donald Trump outlined sweeping tariffs on Mexico, Canada and China, and signalled the European Union will be next. Germany's DAX fell 2.

BRUSSELS—European leaders, bracing for a fight with President Trump over the world’s most valuable trading relationship, said they are ready to strike back but prefer cooperation. Trump over the weekend announced punishing tariffs on Canada and Mexico and made clear that U.

The threat of a transatlantic trade war loomed large Monday over a gathering of European leaders aimed at boosting the continent's defences in the face of an aggressive Russia.

The United Kingdom is in a more vulnerable position as a result of Donald Trump’s renewed pledge to impose tariffs on important trading partners. As itstwo biggest trading partners, the US, and the EU,