The EU is preparing to apply much higher tariffs on imports from Ukraine within weeks, hitting Kyiv's economy at a crucial time in its fight against Russian aggression, the Financial Times reported on Wednesday,

The EU is preparing to impose much higher tariffs on Ukrainian imports within weeks. This will hit Kyiv's economy at a crucial time in its fight against Russian aggression, Financial Times reports. According to the agency's sources,

BRUSSELS (Reuters) -When U.S. Treasury Secretary Scott Bessent this week said Switzerland and Britain had jumped to the front of the queue for a trade deal with the United States, he warned the European Union it was moving "much slower".

The EU is weighing a temporary return to its pre-war trade agreement with Ukraine if a renegotiated deal is not ready to take effect when war-related tariff suspensions expire on June 5, EU diplomats said on Wednesday.

The European Commission announced Thursday it has compiled a list of imported goods and items from the United States which could become subject to tariffs.

European leaders say they are ready to place counter tariffs on some $106 billion of U.S. goods, including chemicals, plastics, rubber and processing machinery, if trade talks don't lead to a mutually beneficial outcome.

The new measure would slap duties of 25% on U.S. imports amounting to $23.5 billion, which includes motorcycles and other powersports commodities.

The EU plans to significantly increase tariffs on Ukrainian goods after the current duty-free deal lapses on June 6, the Financial Times reported on May 14, citing undisclosed diplomatic sources.

The EU is preparing to apply much higher tariffs on Ukrainian imports within weeks, hitting Kyiv’s economy at a crucial time in its fight against Russian aggression.

President Donald Trump might want a new, “America First” world, but in the race to control inflation the United States may actually come last. While his tariff hikes are widely expected to jack up prices at home,

The European Union has published a list of U.S. imports to target with retaliatory duties if no solution is found to end President Donald Trump’s tariff war.

European stocks were little changed as markets took a breather after a strong rally on easing global trade tensions, while the dollar extended losses from the day before as relatively benign U.S. inflation data kept Federal Reserve rate cuts on the table.