US EditionTrump Pushes for up to 20% Minimum Tariffs on European Union: FT
UNITED STATES, JUL 17 – The U.S. threatens 30% tariffs on EU goods starting Aug. 1 amid disputes over trade imbalances and vehicle imports, with the EU buying $12.8 billion in U.S. agricultural products in 2024.
- U.S. President Donald Trump is demanding tariffs between 15-20% on imports from the European Union, according to the Financial Times report.
- Trump's demands have intensified following weeks of negotiations over a possible framework deal, as reported by the Financial Times.
- As the August 1 deadline approaches, talks between the U.S. and the EU appear to have stalled.
- EU officials argue that trade is more balanced when services and investments are considered, despite Trump's concerns about a 198 billion euro trade surplus.
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Trump pushes for 15-20% minimum tariff on all EU goods, FT reports
U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.
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EU Trade Commissioner Maroš Šefčovič presented a negative image of his contacts in Washington before the ambassadors of EU member states.
Coverage Details
Total News Sources33
Leaning Left2Leaning Right6Center5Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
15%
C 38%
R 46%
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