A stronger dollar and Canadians boycotting the US are leading many to change their travel plans. View on euronews

European luxury goods makers say they could draw on pricing power to offset the cost of any tariffs imposed by U.S. President Donald Trump, but analysts say some brands may have limited room to hike prices.

The trade threats could reduce exports to the United States and dampen investment in Europe, dealing a blow to growth at a time when the continent is already facing a lackluster economy.

We start week five of the Trump administration with the president having threatened five sets of wildly destructive tariffs (Colombia, China, Canada and Mexico, steel and aluminium and so-called “reciprocal”) and deferred all but one to some time in the next couple of months.

Concerns around trade tariffs likely drive some of this pessimism,” strategist Lilia Peytavin wrote in a note Friday, adding that tariff-sensitive sectors such as basic resou

European leaders said they would respond firmly to higher levies on steel and aluminum, but they had yet to say what that retaliation would look like.

US President Donald Trump outlined a new trade policy focused on fairness and reciprocity and said that the US would implement reciprocal tariffs, charging other countries the same tariffs they impose on American goods.

President Donald Trump has announced plans to enact a number of tariffs, including reciprocal tariffs on countries across the globe. Dr. Phillip Magness, an economic historian and senior