News Snapshot:
President Donald Trump threatened new tariffs on the European Union on Wednesday, disparaging the bloc and widening his trade conflict across the Atlantic. "We have made a decision," Trump said during a cabinet meeting Wednesday afternoon. "We'll be announcing it very soon, and it'll be 25% generally speaking, and that'll be on cars and all of the things," Trump said, framing the bloc as an adversary that has taken advantage of the US. Alongside the tariff announcement, Trump took aim at the EU itself. "I mean, look, let's be honest," Trump said. "The European Union was formed in order to...