Meeting in Luxembourg follows EU trade commissioner’s meetings with US counterparts last week as Trump signals no intention to back down

If you’re interested in what is going on stock markets – a fair warning, it’s not a pretty sight – we have the latest on our business blog below.

UK’s FTSE 100 is 4.8% down, Germany’s DAX40 is 6.25% down, France’s CAC40 is 5.86% down, Stoxx Europe 600 is 5.74% down.