The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday.

America’s largest trade partner is awaiting word on whether U.S. President Donald Trump will impose punishing tariffs on its goods.

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As the deadline approaches, the EU and US are accelerating negotiations to reach a trade agreement, primarily focusing on easing US car tariffs. With the EU auto industry facing significant import duties,

US stocks closed little changed despite Trump's tough tariff talk. Copper climbs to record high after Trump threatens to slap 50% levy on imports.

Portuguese Finance Minister Joaquim Miranda Sarmento said he sees the European Union and the US reaching an agreement with tariffs potentially below 10% that would help keep trade flowing.

The European Union expects to find out on Monday whether President Trump will impose more tariffs, in a move economists have warned would have repercussions on both sides of the Atlantic.

FRANKFURT, Germany — The European Union expects to find out on Monday whether President Donald Trump will impose punishing tariffs on America’s largest trade partner in a move economists have ...