US EditionU.S. and Europe Closing In on Trade Deal
UNITED STATES, JUL 23 – The EU and US aim to set a 15% tariff to prevent a threatened 30% hike, with the EU readying $109 billion in countermeasures if talks fail, diplomats said.
- On Wednesday, German Chancellor Friedrich Merz said he is not ready to sign a symmetrical tariff deal, following talks with Prime Minister Store.
- Amid rising tariff threats, negotiators stepped up talks to avoid a trade war, US President Donald Trump threatened 30% tariffs if no deal by Aug. 1.
- The 15% tariff baseline includes the MFN rate at 4.8%, adding 10% to current duties, and covers sectors such as pharmaceuticals and chips.
- The EU has prepared tariffs on €100 billion of US goods at 30%, and its ACI would enable new taxes on US tech giants, investment curbs and market limits.
- Looking ahead to Aug. 7, the EU could launch countermeasures if no deal is struck, as diplomats said, and the European Commission would impose tariffs on over $100 billion of US goods starting Aug. 7 if talks fail.
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The clock ticks mercilessly against August 1st: Until then, US President Trump wants to decide on possible punitive tariffs against the EU.
·Berlin, Germany
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US, EU Trade Talks Bolstered by Trump’s Agreement with Japan
BRUSSELS/WASHINGTON, July 23 (Reuters) – The European Union and the U.S. are moving toward a trade deal that could include a 15% U.S. baseline tariff on EU goods and possible exemptions, two European diplomats said on Wednesday, potentially moving President Donald Trump closer to another major trade agreement on the heels of the one he just unveiled with Japan.
·Japan
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연합뉴스-Yonhap News AgencyReposted by 
Naver
Naver(Washington = Yonhap News) Correspondent Park Seong-min = U.S. President Donald Trump announced on the 23rd (local time) that trade negotiations with the European Union (EU) are in serious progress.
·Korea, Republic of
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Coverage Details
Total News Sources41
Leaning Left4Leaning Right9Center6Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 21%
C 32%
R 47%
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