EU Trade Commissioner Maroš Šefčovič said the bloc is "ready to discuss" reducing its 10 percent tariff as part of broader negotiations.

The European Union is willing to work with the Trump administration on a deal that would lower tariffs for industrial goods and boost purchases of American exports like natural gas and soybeans, the bloc’s trade chief said.

President Donald Trump took two separate executive actions Friday that seek to boost foreign investments in American manufacturing and shield American companies from overseas taxes. The Washington Examiner reviewed draft fact sheets the White House plans to circulate after the president signs the actions,

And that's assuming the tariff increases to just 10 per cent, not 25, as Trump announced. Mercedes-Benz would lose one percentage point of margin if tariffs on cars exported to the US from Europe were raised from 2.

The Federation of Thai Industries (FTI) is monitoring US President Donald Trump's plan to slap a 25% tariff on car imports to the US and plans to assess its impact on the sluggish Thai automotive industry.