President Trump estimates a 50-50 chance of reaching a trade deal with the EU, despite European diplomats' optimism. Trump indicated that US and EU negotiators are working closely, while he previously warned of a 30% tariff on EU goods if no agreement is made by August 1. Currently, the EU aims for a 15% baseline tariff and reduced rates on specific products. Additionally, Trump anticipates outlining tariffs for other nations soon and is hopeful for progress in upcoming talks with China.
President Trump stated there is a "50-50 chance, maybe less than that," for a trade deal with the EU, indicating uncertain negotiations ahead. Diplomatic optimism from the EU contrasts with Trump's skepticism.
Trump has issued a letter outlining a 30% tariff on EU goods if an agreement isn't reached by August 1, alongside significant customs taxes on cars, steel, and aluminium.
European negotiators are hopeful to establish a 15% baseline tariff for exports and aim for reduced duties on automobiles, along with quotas for specific steel and aluminium products.
Trump expects to set new tariff rates on other countries soon and is optimistic about forthcoming trade discussions with China, suggesting that a deal could be within reach.
Collection
[
|
...
]