By David Shepardson WASHINGTON (Reuters) -Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts,

The European Union’s power to impose retaliatory tariffs on US goods and services won a legal boost from an adviser to the bloc’s top court, as the 27-member jurisdiction continues to spar with President Donald Trump over trade.

The European Union's trade surplus with the United States grew in April despite U.S. tariffs, while exports to China saw a ninth consecutive month of decline. The overall goods trade surplus of the EU decreased,

The European Commission said on Saturday that Europe was prepared to retaliate against President Donald Trump's plan to double tariffs on imported steel and aluminum, raising the prospect of an escalating trade fight between two of the world's largest economic powers.

"We strongly regret the announced increase of U.S. tariffs on steel imports from 25% to 50%," an EU spokesperson said in a statement to NBC News. "This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic," the spokesperson continued.

A federal appeals court ruled Trump can continue to collect tariffs while businesses and states try to overturn taxes on foreign imports.

The US and China agreed to a framework and implementation plan to ease tariff and trade tensions on Tuesday. President Trump signaled his approval, saying the deal was "done" pending sign-off from ...

Retail executives anticipate Trump will ease reciprocal tariffs, citing his past "TACO trade" pattern of threatening duties then backing down. Discover why historical flip-flops and economic realities suggest a pullback is likely.

Skyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. This is CNBC's live blog covering European financial markets. Good morning from London, where futures data from IG suggest stock markets will nudge higher at the open — following declines in France, Germany and Italy.

On April 9, after President Trump's announcement of steep new tariffs across ... in the case of the EU — who are negotiating in good faith, we will roll the day forward to continue good faith ...

Trade officials in Brussels no longer believe negotiations with the United States will be done by Trump’s July 9 deadline, even though both sides have picked up the pace in the past week.