ASML Holding narrowed its financial targets for the year and said it could no longer guarantee growth in 2026 amid increasing uncertainty from President Trump’s tariffs.The warning from the Dutch supplier of chip-making equipment comes days after Trump sent a letter to the European Union threatening 30% tariffs on imports from the bloc beginning Aug.

European shares slipped on Wednesday, with ASML leading losses after a weak business update, while broader investor sentiment remained cautious on concerns over tariff-driven inflation following stronger-than-expected U.

President Trump on Saturday announced his administration would levy a 30% tariff on goods from Mexico and members of the European Union beginning Aug. 1, targeting two of the U.S.'s top trading partners.

US President Donald Trump said he has settled on another tariff deal - this time with Indonesia. Trump said he had agreed to lower tariffs he had threatened on goods entering the US from Indonesia country to 19%, in exchange for what he called "full access" for American firms.

Indonesia also has agreed to purchase billions in U.S. energy, agriculture products and airplanes, Trump said July 15 in a social media post.

The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.

The European Union’s top trade negotiator said he intends to speak to his U.S. counterparts Monday, adding he senses a good outcome for both sides.

The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.