U.S. has breached trade deal and Europe is ready to retaliate, top trade lawmaker tells CNBC

In this articleUAMYU.S. President Donald Trump looks on, during a meeting with European Commission President Ursula von der Leyen (not pictured), after an announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | ReutersThe U.S. has breached the terms of its trade deal with the European Union and the bloc is ready to retaliate if necessary, a top EU trade lawmaker told CNBC."We wanted to have really stability and predictability. And unfortunatel ...