Europe's gas and energy trading industries have urged the European Union not to cap gas prices, as Brussels seeks ways to protect consumers and businesses from energy price spikes.

Europe’s biggest energy producers and traders warned the European Commission against introducing a gas price cap as a tool during times of crisis, after some officials raised the idea in recent months.

Prices have surged due to low temperatures and weak wind conditions, which have hampered renewable energy production. Additionally, gas prices in the EU are now three to four times higher than in the US,

We take a closer look at how European policymakers could react. Spoiler alert: it's complicated. The Trump hurricane continues. Anyone still second-guessing the US president’s determination to implement his election promises into actual policy has been proven wrong.

The European Union chief vowed President Trump's latest tariffs will "not go unanswered", and it'll trigger countermeasures to protect its workers.

Trump is hitting foreign steel and aluminum with a 25% tax in the hope that they will give local producers relief from global competition.