China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to U.S. tariffs, the Chinese Commerce Ministry said on Thursday.

The country faces several economic challenges but so far has avoided the worst of the turmoil afflicting targets of President Trump’s anger.

Secretary of State Marco Rubio said the U.S. has "to reset the global order of trade" and that President Donald Trump is "absolutely right to do it."

French trade minister Laurent Saint-Martin said on Wednesday that the current context of trade tariffs between the European Union and the United States makes strategic partnerships such as the one France has with Indonesia important.

The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.

President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, D.C., on April 2, 2025. (BRENDAN SMIALOWSKI/AFP via Getty Images)

European Central Bank Vice-President Luis de Guindos said on Tuesday he was "relatively optimistic" about Europe's chances of navigating trade tensions with the United States.

Speaking to a group of conservative Italian politicians, Elon Musk on Saturday called for a "free trade zone" between Europe and North America.

GOVERNOR TONY EVERS TONIGHT IS IN EUROPE AMIDST THIS VOLATILITY ON A TRADE MISSION TO GERMANY AND FRANCE. THE DEMOCRATIC GOVERNOR SAYS NOW MEANT TO MAINTAIN STRONG RELATIONSHIPS WITH WISCONSIN’S ...

U.S. President Donald Trump late on Tuesday reiterated he would impose tariffs on imports of pharmaceutical products that have long been spared from past trade disputes due to the potential for harm to patients.