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Tariffs will harm us all, European officials warn — with more work needed to reach a trade deal

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European officials say they're optimistic a trade deal can be reached with U.S. President Donald Trump .

Failure to reach a deal would be harmful for both Europe and the United States , officials say.

EU - U.S trade in goods and services in 2023 was worth 1.6 trillion euros, according to the EU .

IMF: Spain expected to expand its economy by 2.5% this year following an upward revision of 0.2 percentage points from the forecast made in January .

Fund singled out Spain as a bright spot in the region, stating its growth momentum "contrasts with the sluggish dynamics elsewhere" IMF 's reference forecasts are based on data available as of April 4 .

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