The European Union will answer tariff threats by the United States against France "as one" and urged Washington to engage in dialogue, an EU spokesman said on Tuesday.

Donald Trump's high-profile trade war with China may be the biggest threat to the world economy among current trade disputes waged or threatened by the U.S. President, but the list of Washington's targets is lengthening.

France warned the United States on Tuesday of strong EU retaliation if it imposed tariffs on French products ranging from sparkling wine to cheese and handbags, in an intensifying row over taxing digital giants that risks spiraling into a new trade war.

France believes there is still time to avert President Donald Trump's threat to slap tariffs on $2.4 billion in French merchandise in a dispute over a new digital services tax,  a senior French official said Tuesday.

President Jair Bolsonaro on Monday said he would appeal to U.S. President Donald Trump to show understanding towards Brazil in a looming row over fresh steel and aluminum tariffs.

French Finance Minister Bruno Le Maire said Monday that U.S. officials no longer wanted a global deal on taxing multinational technology giants, and that Washington might be preparing penalties over a digital tax implemented by France this year.

Asian and European markets rose Monday as investors cheered data showing a surprise jump in Chinese factory activity, while oil prices rebounded from last week's sharp losses after Iraq said top producers could announce a cut in output this week.

Israel's occupation of the Palestinian territories has cost the economy of the Palestinians more than $2.5 billion a year for the past two decades, a U.N. report said Monday.

U.S. President Donald Trump struck back Monday at what he called unfair policies by Brazil and Argentina, saying he is reinstating tariffs on steel and aluminum on those countries.

Russia and China on Monday launched a giant gas pipeline linking the countries for the first time, one of three major projects aimed at cementing Moscow's role as the world's top gas exporter.