The European Union dominates critical pharmaceutical imports into the United States, making the 30% tariffs Trump threatened to go into effect Aug. 1 particularly risky.

This week's U.S. trade agreement with Japan could provide a framework for a pact with the European Union, experts say.

The euro crept toward its highest level in nearly four years on Thursday while the yen held to gains following more progress on trade deals between the United States and its largest trading partners,

BENGALURU] Gold prices held steady on Thursday (Jul 24) after a sharp drop in the previous session, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a weaker US dollar.

Analysts see a potential path for other trading partners, including South Korea and the European Union, to strike their own deals.

The European Union and Japan will work more closely to counter economic coercion and address unfair trade practices, European Commission President Ursula von der Leyen told reporters on Wednesday.

July 23 (Reuters) - The S&P 500 notched a record high close on Wednesday, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement U.S. President Donald Trump struck with Japan.