High-end medical devices, including those made in the United States, may be especially vulnerable to tariffs because they’re built with parts from around the world.

European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1.

By Ben Aris in Berlin The exports of two of Ukraine’s biggest export earners, corn and metal, are falling, which will squeeze the already cash strapped government and make a €20bn trade deficit with the EU worse in 2025.