U.S. President Donald Trump's threat to introduce tariffs on European Union imports would undermine the bloc's companies and its workforce and require a strong response from the EU, Italy's business lobby said late on Wednesday.

The European Union is insisting that the 27-nation bloc is not out to undermine the United States as U.S. President Donald Trump put it

Spotify Technology SA’s Chief Executive Officer Daniel Ek escalated a long-time row with Apple Inc. after he accused it of consistently flouting the European Union’s Big Tech rules.

Wall Street struggled for traction on Monday, ending mixed after slumping last week, while German election results buoyed German shares and Europe's single currency as investors waited for midweek results from artificial intelligence chip leader Nvidia.

President Trump made the remarks to reporters at the start of a White House meeting Monday with French President Emmanuel Macron.

The European Union’s resolve to take on the might of Silicon Valley is set to be tested to the limit after Donald Trump threatened retaliation for fines that hurt some of America’s biggest companies.

The European Union is getting good at adapting to unprecedented circumstances. Over the last five years, the 27 member countries have pulled together to fund the purchase of tens of millions of vaccines and devised a massive recovery fund to resuscitate economies ravaged by the pandemic.