Customs duties: the EU and others will "probably" be hit by more than the 10% floor, says US minister

Minister Howard Lutnick spoke on the CNBC television channel. ...

It is not a free trade agreement, rather a "general terms and conditions document" establishing compromises, as well as a framework for further discussions at a later stage, said a ministerial source. It is a first since the beginning of the trade war ...

One US minister assured that the EU and others will "probably" be hit by more than the 10% floor.

This is the first trade agreement after the barrage of tariffs imposed by Donald Trump, president of the United States, on the rest of the world.