Italy's foreign minister warned that, while he hopes for successful negotiations, the EU will respond resolutely to Trump's latest tariff threat.

EU trade ministers are alarmed by Trump's new EU tariffs, but are trying to negotiate a deal that would help streamers avoid possible retaliation.

The ministers met in Brussels following President Trump’s announcement of such hefty tariffs, which could have repercussions for governments, companies, and consumers on both sides of the Atlantic.