Remember when the president said the E.U. would give him $600 billion that he could “do anything” he pleases with? That weird boast has now collapsed.

Former fast-food executive Andrew Puzder officially became the U.S. ambassador to the European Union during a swearing-in ceremony in Washington on Wednesday.

EU and U.S. trade deal could lower auto tariffs retroactive to Aug. 1, easing costs for European carmakers and U.S. dealers.

European equities were subdued on Thursday as investors awaited updates from the Federal Reserve's Jackson Hole symposium, while the United States and European Union locked in a framework trade deal reached last month.

The European Commission says it presumes the United States will impose a 15% tariff on most EU exports from Friday.

According to EU trade commissioner Maros Sefcovic, the work now turns toward implementing legislation to allow imports of the agreed U.S. goods. Only once that process begins will the U.S. lock in the reduced 15 percent car tariffs.

A sweeping trade deal cuts car tariffs but leaves other European industries behind as the EU commits billions in US imports

The president praised his guests at this week’s meeting, a change in tone that follows big concessions from Europe and careful observations of the way he operates.

President Donald Trump announced a trade deal with the European Union on Sunday after EU Commission President Ursula von der Leyen said it took "heavy lifting."

On July 27, Ursula von der Leyen, the president of the European Commission and President Trump agreed to a deal that included a 15% tariff on most goods from the EU.

Mario Draghi said on Friday the events of 2025 have exposed a harsh truth: The European Union can no longer believe its big economy brings it global power and influence.