The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.

The FTSE 100 rose above the 9,000 mark for the first time on Tuesday morning after Brexit Britain was branded a 'clear winner' in Donald Trump's trade war.

For more than 200 years, the São José Paquete d’Africa lay hidden off Cape Town’s shore. Its excavation in 2014 uncovered a tragic story of enslavement and commerce from the time of the trans-Atlantic slave trade.

German Finance Minister Lars Klingbeil warns the EU to act firmly if tariff negotiations with the US fail. Amid escalating trade tensions, President Trump's proposed tariffs on EU imports intensify. EU favors negotiation but is ready for countermeasures.

Ignacio Sánchez Recarte, secretary general of wine lobby CEEV, said "there is no political, strategic or economic interest" for involving the alcoholic beverage in the transatlantic trade spat.

The President also threatened reciprocal tariffs on any countermeasures from the EU - the consequences could not be greater