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US-EU Trade Negotiations Delay Tariff Deadline, Leaving Key Industries in Limbo
US-EU Trade Negotiations Delay Tariff Deadline, Leaving Key Industries in Limbo
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BTCCSquare news:
The United States has proposed a 10% baseline tariff on EU goods, with specific exemptions for aircraft and spirits. The European Commission declined to comment beyond confirming ongoing negotiations. The TRUMP administration's decision to postpone broader tariffs until August provides temporary relief, but uncertainty looms for automotive, pharmaceutical, steel, and aluminum sectors.
South Korea and Japan face imminent 25% tariffs unless trade terms change, despite President Trump's cryptic assertion of acting 'with love.' European officials remain cautiously optimistic after high-level talks, though final approval rests with the WHITE House. France, Italy, and Ireland emerge as potential winners from the current exemptions framework.
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