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Trump Threatens 30% Tariff on EU Goods as Trade Talks Stall
Trump Threatens 30% Tariff on EU Goods as Trade Talks Stall
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BTCCSquare news:
The White House has rejected the EU's latest offer to ease auto tariffs, with President TRUMP prepared to impose a 20% tariff on all EU goods if no deal is reached by August 1. Officials close to the negotiations confirm Trump is willing to maintain the current 25% duty on European cars and escalate to a blanket 30% tariff if deadlines pass without agreement.
EU Trade Commissioner Maroš Šefčovič briefed ambassadors on the impasse following fruitless meetings in Washington. German Chancellor Friedrich Merz publicly acknowledged deteriorating prospects for sector-specific compromises. The U.S. demands reciprocal tariffs above 10% as a non-negotiable condition, leaving Brussels with dwindling options as the deadline approaches.
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