Amid escalating trade tensions with the U.S., the EU is turning to Asia to form a new trade alliance aimed at protecting the rules-based trading system and overcoming the deadlock at the World Trade Organization.

US President Donald Trump has imposed an additional 145% tariffs on all Chinese imports despite pausing his reciprocal levies on all other countries.

US President Donald Trump announced his second round of tariff war, which he described as a declaration of economic independence for the United States and a Liberation day for it.

The trade war launched by US President Donald Trump reached a new level on March 4, as Canada, Mexico and China retaliated against Washington’s punitive tariffs.

The EU's 27 member states remain divided between a defensive stance to escape a trade dispute with the Trump administration, or a more offensive approach that leans toward possible retaliatory measures.