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Trump Pushes EU to Cut Tariffs or Face Extra Duties

  • U.S. Trade negotiators led by Jamieson Greer are pressuring the EU in May 2025 to cut tariffs unilaterally or face 20 percent additional US duties imposed in April.
  • This impasse comes after negotiations have stalled during a 90-day period set by Trump, despite the EU proposing to eliminate tariffs on manufactured products if the U.S. Implements reciprocal measures.
  • The U.S. Demands include abolishing EU digital taxes, accepting U.S. Food standards, easing regulations, and dismantling non-tariff barriers, while EU officials seek cooperative agreements to counter unilateral demands.
  • The current 20 percent U.S. Tariff rate was halved until July 8 to allow talks, but officials remain pessimistic about avoiding duties, with the U.S.-EU trade deficit hitting $192 billion in 2024.
  • Without significant U.S.-EU convergence, further retaliatory measures could escalate, threatening economic growth and trade relations, as both sides emphasize the need for a balanced, fair deal.
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Financial TimesFinancial Times
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Trump pushes EU to cut tariffs or face extra duties

US negotiators to tell Brussels they expect unilateral concessions

·London, United Kingdom
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finanzmarktwelt.de broke the news in on Wednesday, May 21, 2025.
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