US EditionUS and EU close in on 15% tariff deal, FT reports
BRUSSELS, BELGIUM, JUL 23 – The deal aims to lower tariffs from 30% to 15%, including exemptions on some products, to ease trade tensions and prevent retaliatory tariffs, EU diplomats said.
- A 15% tariff deal between the US and EU is nearing completion, according to the Financial Times, to prevent a broader trade conflict.
- Following the US-Japan deal on Tuesday, Donald Trump’s administration is preparing for a potential US-EU trade agreement, as reported by the Financial Times.
- Amid talks, markets noted that Bitcoin prices jumped, according to the Financial Times report.
- European diplomats will vote on €93 billion of counter-tariffs on Thursday, while Kush Desai warned that trade deal discussions are speculation.
- With the deadline looming, the European Commission confirmed consultations aim to finalise before 1 August 2025, and negotiators keep the 'trade bazooka' on standby.
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167 Articles
Brussels believes in a compromise on the basis of 15% customs duties imposed by Washington, including for imports of automobiles.
EU turns up pressure with Trump trade deal ‘in reach’
With the contours of a hard-fought EU-US trade deal taking shape, the European Union is flexing its muscles in a bid to squeeze concessions from US President Donald Trump in the run-up to his deadline of August 1. Brussels and Washington appear to be inching towards a deal with a baseline 15-percent US levy on
While keeping the hope of a last-minute negotiated solution, the European Union adopted on Thursday 24 July a list of US goods that would be taxed if Donald Trump applied its customs duties on 1 August.
Shortly before Trump's ultimatum expires, movement comes into the EU's customs dispute with the US. However, many German companies have already written off the US market.
A trade agreement between the EU and the United States seems to be emerging, before the deadline of 1 August, which does not prevent Europeans, scalded, from agitating the threat of reprisals in the event of failure, also in the hope of a better agreement.
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