The European Central Bank probably isn't going to cut interest rates again on Thursday. That's because the bank's leaders don't know what kind of headwinds they'll be facing from U.S. trade policy.

The European Central Bank is leaving interest rates unchanged as it waits to see how big a blow U.S. President Donald Trump’s tariffs will inflict on the economy before deciding whether to cut rates a

Trade deal optimism lifted world stocks to new record highs on Thursday, while bond market yields moved higher as the European Central Bank took a break from its year-long rate cutting cycle and the Fed braced for a visit from U.

Nearly every member of the European Union supports a plan to hit back against President Trump’s tariffs if no agreement is reached.

The Trump administration and the European Union are racing to clinch a trade deal by the White House's self-imposed Aug. 1 deadline, with economists warning that a sharp hike in tariffs could raise costs for consumers and businesses.