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Trump Hints At Slim Odds For US-EU Deal – What’s Next For Global Trade?

Summary by ABP News
Any agreement would likely include a 15 per cent baseline tariff on EU goods entering the US and a 50 per cent levy on European steel and aluminium, according to diplomats familiar with the talks.

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Donald Trump estimated that there is 50% chance that Washington could conclude an agreement with the European Union to reduce import duties.

·Bucharest, Romania
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The President of the United States, Donald Trump, said this Friday that the European Union is facing a very profitable opportunity to reach a long-awaited trade agreement before the August 1 deadline declared by the US president expires.

For days, people have been waiting for a result in the tariff dispute between the US and the EU. Time is running out. US President Trump has given an interim report.

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Handelszeitung broke the news in on Friday, July 25, 2025.
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