Europe can be a stable and trusted partner for Africa at a time when US President Donald Trump’s tariff war has created uncertainty in global trade, according to an European Investment Bank official.

European leaders say they are ready to place counter tariffs on some $106 billion of U.S. goods, including chemicals, plastics, rubber and processing machinery, if trade talks don't lead to a mutually beneficial outcome.

The new measure would slap duties of 25% on U.S. imports amounting to $23.5 billion, which includes motorcycles and other powersports commodities.

BRUSSELS (Reuters) -When U.S. Treasury Secretary Scott Bessent this week said Switzerland and Britain had jumped to the front of the queue for a trade deal with the United States, he warned the European Union it was moving "much slower".

The European Commission announced Thursday it has compiled a list of imported goods and items from the United States which could become subject to tariffs.

Progress on US-China trade over the weekend sent stocks soaring on Monday. Some top commentators say tariffs are still a big risk.

Solar panel makers in Laos and Indonesia, mostly owned by Chinese firms, boosted their share in the U.S. market after steep tariffs hit exports from other Southeast Asian countries including Cambodia and Thailand,

Chinese imports to the U.S. dropped to their lowest levels since the pandemic as punishing tariffs began to take hold in March.