The European Union is preparing for a letter from U.S. President Trump regarding planned tariffs, as trade tensions rise. Despite talks for a trade agreement, EU's challenges in negotiations highlight divisions within its members.

Investors remained on edge Friday as President Donald Trump prepared new tariffs targeting the European Union, escalating global trade tensions. The EU, already reeling from months of stalled trade talks,

Equity markets slid on Friday as President Trump intensified trade and tariff tensions with Canada. He also hinted at measures targeting Europe, driving investors to seek refuge in gold. Investors were unsettled when Trump sent a letter late Thursday announcing a 35% levy on all Canadian imports effective August 1,