The EU’s countermeasures will apply to U.S. goods exports worth up to €26 billion (US$28.4 billion)—matching the economic scope of the U.S. tariffs.

Neither party has released details of the settlement, but the dispute covered more than $2 billion in back taxes the IRS believed it was due.

Solar installers argue that the climate change benefits of solar power generation should be considered alongside any unfair trade practices of Chinese solar manufacturers. Experts think success with this argument would inevitably "open the door to a thousand other requests."

European Commission President: EU is prepared to respond by targeting imports of Harley-Davidson Inc. motorbikes, Levi Strauss & Co. jeans, and U.S. bourbon whiskey.

Administration reportedly considering 25% tariff on steel and 10% on aluminum imports from all foreign countries.