U.S. President Donald Trump has said he will impose tariffs on imports of steel and aluminium and raise rates to match those of other countries in the coming week. The United States and European Union have the world's largest commercial relationship,

Trump's new tariffs could push the EU to retaliate by targeting US tech services instead of goods, a Goldman Sachs report suggests. With Europe's large trade deficit in services, Brussels may use digital restrictions to counterbalance Washington's trade measures.