European firms called on trade negotiators to redouble efforts to strike a deal with Washington after U.S. President Donald Trump threatened a 30% tariff on EU imports from August, with no mention of hoped-for special treatment for cars or spirits.

Stocks closed slightly higher on Monday, shrugging off President Donald Trump's announced tariffs over the weekend targeting the European Union and Mexico. Those new levies rekindled tensions with two of the largest U.

Most European markets took a hit as trading resumed in the wake of President Trump's latest tariff threats, and as the EU keeps hoping for a deal.

The president also warned Russia that he would impose a new round of punishing sanctions if it did not agree to a peace deal within 50 days.

President Emmanuel Macron said France will make a “new” and “historic” effort to increase defense spending to counter an acceleration of threats to freedom in Europe and the risk of outright war in the coming years.

French President Emmanuel Macron has outlined plans for a big increase in defence spending, warning Europe's liberty is facing a "greater threat" than at any time since the end of World War Two. In a speech to the armed forces in Paris,

President Emmanuel Macron on Sunday called for a massive boost to France's defence spending, saying freedom in Europe was facing a greater threat than at any time since the end of World War II. "We are living a pivotal moment,