The European Central Bank (ECB) has cut its key interest rate for the eighth time in just over a year as it warned about continuing pressure on the eurozone from Donald Trump's tariffs. The main rate has been reduced from 2.

A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.

US President Donald Trump’s trade war has cost companies more than‭ $‬34‭ ‬billion‭ (‬Dh12.4‭ ‬billion‭) ‬in lost sales and higher costs‭, ‬according to a Reuters analysis of corporate disclosures‭, ‬a toll that is expected to rise as ongoing uncertainty over tariffs paralyses decision-making at‭ ‬some of the world’s largest companies‭.

The boss of Mercedes, Ola Kallenius, has suggested that European lawmakers could allow US-made cars to be imported duty-free into the continent in exchange for tariff waivers on vehicles made in the EU and sent to the US.

President Donald Trump recently doubled his tariffs on steel and aluminum imports, and a company wants his administration to expand the tariff to protect the Galt Alloys plant in Stark County. AMG Resources has sent a letter to the U.