Trump Threatens EU With Tariffs Over Unfair Trade Deal
Transatlantic trade partners are negotiating to prevent a July 8th deadline from triggering a substantial increase in U.S. tariffs on EU goods, potentially reaching 50 percent on various sectors. High-level talks between President Trump and EU Commission President von der Leyen have urged negotiators to expedite a “good and fair deal.” The EU has firmly denied reports of accepting a 10 percent baseline tariff, emphasizing its opposition to the existing tariffs imposed by the U.S. Failure to reach an agreement would severely impact the €1.7 trillion transatlantic trade relationship.
John Q. Hosedrinker