President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug.

He promised to use the 90-day delay in April to strike dozens of new trade deals, but has only secured framework agreements with Britain, China and Vietnam.

German Chancellor Friedrich Merz issued a stark warning about the economic fallout for the German economy if the United States and the European Union fail to reach an agreement to avoid tariffs on the ...