US President Donald Trump said his administration will probably start notifying trading partners Friday of the new US tariff on their exports effective Aug. 1, while reiterating a preference for simplicity over complicated negotiations five days before his deadline for deals.

An analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump’s current tariff plans WASHINGTON (AP) — An analysis finds that a critical group of U.

German automaker Mercedes-Benz Group AG, French luxury giant LVMH Moët Hennessy Louis Vuitton SE and other major European firms are spearheading a corporate push that’s weakening the European Union’s efforts to stand up to Donald Trump’s tariff threats.

By Sukriti Gupta (Reuters) -European shares fell nearly 1% on Friday, as investors weighed uncertainty over U.S. trade deals ahead of the July 9 deadline. The pan-European STOXX 600 index was down 0.9% at 539.