The European Union is intensifying diplomatic efforts to exclude its wine and spirits from U.S. tariffs under President Trump's trade policy.

The European Union will likely have to wait a few more days for an executive order by U.S. President Donald Trump lowering tariffs on imports of European cars and car parts, a source familiar with the EU-U.

President Trump warned that if the European Union fails to deliver on its commitment to invest $600 billion in the US, then he will ramp up tariffs against the 27-nation bloc. Last month, Trump and the EU unveiled the sketches of a preliminary trade deal,