The European Union could target Boeing and whiskey-maker Brown-Forman under its plans for retaliatory tariffs if the bloc can’t reach a trade deal with the U.S.

Good morning from London, and welcome to CNBC's live blog covering all the action and business news in European financial markets on Tuesday. The upbeat mood for European markets comes after a difficult start to the week,

Four months since Trump fired the opening salvo of his trade war, only China and Canada have dared to hit back at Washington imposing a minimum 10 per cent global tariff, 50 per cent levies on steel and aluminium, and 25 per cent on autos.

"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

Tariff policies are changing so rapidly that it can be hard to keep up. Here are all of President Donald Trump's proposed, scheduled and implemented tariffs.

US President Donald Trump does not think the 50 days he gave Russia to agree to peace with Ukraine is too long. Source: European Pravda, citing Sky News, which quoted Trumpʼs interview with journalists on 15 July at White House Details: The US president said he did not think "50 days is a very long time".