The EU is prepared to take the necessary steps to safeguard its interests if the U.S. proceeds with imposing a 30% tariff on European goods starting Aug 1, European Commission President Ursula von der Leyen said on Saturday.

Annual charge would hit groups with net turnover of €50mn or more, according to leaked European Commission proposal

British Home Secretary Yvette Cooper said Friday she expected Brussels to back a new so-called "one-in, one-out," deal with France aimed at curbing the number of migrants crossing the English Channel in small boats.

European Commission President Ursula von der Leyen survived a no-confidence vote in the European Parliament on Thursday, brought by mainly far-right lawmakers who alleged she and her team undermined trust in the EU through unlawful actions.

Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.

Among the most controversial commitments that the EU is asking companies like Google, Meta, and OpenAI to voluntarily make is a promise to never pirate materials for AI training.

NEW YORK (Reuters) -Investors awaited tariff news between the U.S. and European Union on Friday that could add a potentially volatile development to the end of a week in which President Donald Trump reignited his global trade war.