Europe will respond to any tariffs imposed by President Donald Trump in a proportionate way, the European Union's commissioner for the economy told CNBC Wednesday.

U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the U.

U.S. President Donald Trump has promised to address a longstanding trade deficit with the European Union, saying he will reverse that by imposing tariffs or making the EU buy more U.S. oil and gas.

Brando Benifei, Bernd Lange, Eva Maydell, Sophie Wilmès and David McAllister — all lawmakers belonging to the Parliament’s centrist parties — will be attending, according to two MEPs and one official. But they are late to the party. Far-right factions, traditionally sidelined from Parliament’s business by the mainstream, are beating them to it.

Mr Trump has also withdrawn the US from the Global Tax Deal - an agreement on a global minimum corporation tax.

President Donald Trump has given everyone at Davos something to talk about with his actions on the first day of his second term

US President Donald Trump pledged Tuesday to hit the European Union with tariffs, adding that a 10 percent duty on Chinese imports could also come as soon as February 1.

France's relations with US President Donald Trump are "transactional", the French government's spokesperson said Wednesday, adding that neither side wants to enter a trade war. Trump threatened a

Volodymyr Zelensky has warned European leaders Donald Trump will ignore them if the continent doesn’t take better care of its own defences.

Ursula von der Leyen casts Europe as an economic heavyweight that can forge new alliances during another “America First” presidency.

U.S. President Donald Trump 's " America First " agenda raises awkward questions for the European Union, although some lawmakers say Trump's return to the White House could be a "real opportunity" for the 27-nation bloc.