As the European Union seeks to wrap up unfinished business before the end of the year, Elon Musk is once again taking center stage.

The European Union fined Elon Musk's X $140 million, a move that risks retaliatory measures from the Trump administration.

“If you want to be a brand and want to make it work, you need to make it work in the U.S.” Those are the words of Anna Worthington, director for Ruffians, which is a small chain of barbershops in England. Worthington’s comments were made to the New York Times.

Donald Trump’s top trade negotiator has warned the EU that trade remains a “flashpoint” with Washington, as US officials grow frustrated at the bloc’s slow pace in cutting tariffs and regulations.

"I'm trying to convince them that winning the way Donald Trump is winning in America is the way to go," said the U.S. commerce secretary.

The fines were due to the platform's misleading use of blue check marks to identify verified users and a lack of transparency over ads and data access for researchers.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

BRUSSELS — The EU’s push for the U.S. to scrap its tariffs on steel and aluminum has opened the door to an old demand from Washington: Loosen your digital rule book, and we’ll meet you halfway.

The United States on Monday demanded that the European Union make its regulation of the tech sector more "balanced" in exchange for a reduction of U.S. tariffs on steel and aluminium imports from the bloc.

Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.

Advocates for European drugmakers say other countries must follow the UK to the bargaining table to stave off tariffs and remain competitive.