U.S. tariff agreement sealed over the weekend has been described as a “dark day” for Europe and even a capitulation to American demands.

Many pharmaceutical products made in Europe will face a 15 percent tariff, pinching manufacturers and potentially leading to higher drug prices.

The fee for Americans and other visa-free travelers won’t begin until fall 2026, but the price is about to triple, officials say, because of rising costs.

MADRID (Reuters) -Spain announced plans on Tuesday to give both mothers and fathers an extra week off work after having a baby, extending one of Europe's most generous paid parental leave allowances to 17 weeks. Spain and Finland are the only EU countries to offer equal fully-paid birth leave to both parents.

European shares turned lower on Tuesday after a shock profit warning from Novo Nordisk wiped more than 80 billion euros ($92.34 billion) off the heavyweight drugmaker's market value at one point.

President Donald Trump spent part of his weekend in Scotland reviving his old grievances against wind power, even claiming at one point that it was “killing” Americans. During a meeting with European Commission President Ursula von der Leyen, Trump abruptly detoured from immigration to wind turbines.

According to the EU, the European Travel Information and Authorization System (ETIAS) will be implemented for visa-free travelers in the last quarter of 2026, and an application will now cost 20 euros (about $23.20), up from the initially announced 7 euros.

Spanish GDP grew 0.7% in the second quarter, accelerating a little from 0.6% in the first months of the year, a sign of resilience with higher U.S. tariffs set to bite.