Fight or talk? That is the bleak option facing EU member states after US President Donald Trump escalated his trade war by pledging to levy tariffs for a number of ills such as selling cars Americans like to buy and taxing tech companies on the money they make in its market, writes Andy Bounds.

US President Donald Trump’s “lengthy and highly productive” phone call with his Russian counterpart Vladimir Putin has sparked fears in Europe of a “dirty deal” being struck to end the war in Ukraine on terms favorable to Moscow without Kyiv’s involvement.

President Trump’s phone call to his Russian counterpart has intensified fears that Ukraine could be excluded from peace talks determining its future and security.