Reported 1 day ago
EU diplomats report significant progress in negotiations with the US to establish a 15% tariff on most imports, while raising tariffs on steel and aluminum beyond certain quotas. Though optimism exists, the outcome relies heavily on US President Donald Trump's approval, with concerns about escalating trade tensions. The EU prepares for potential countermeasures, including tariffs on over €90 billion worth of US goods and the activation of a powerful trade instrument, should negotiations falter before the August deadline.
Source: YAHOO