BRUSSELS (Reuters) -The European Union has changed its team locked in trade talks with the Trump administration, bringing in a close aide to European Commission President Ursula von der Leyen to deal more swiftly with political questions arising from the technical negotiations, three sources familiar with the talks said.

President Trump doubled almost all aluminum and steel import tariffs, seeking to curb China’s growing dominance in global trade. These six charts show the tariffs’ potential economic effects.

U.S. President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that’s set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further.

Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.

Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.

The European Union is preparing “countermeasures” against the United States if the two sides cannot reach a deal after surprise U.S. tariffs on steel rattled global markets and complicated the ongoing

(Reuters) -European shares inched up on Wednesday on gains in Airbus shares, while sentiment remained cautious ahead of a deadline for U.S. trading partners to make their "best offers" and as the U.S. levies on steel and aluminium imports kick in.