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Trump Escalates Pressure on EU: Minimum Tariffs Could Increase to 15%-20%
BlockBeats News, July 19th, according to sources familiar with the matter, Trump has raised his demands in his trade negotiations with the European Union, hoping to maintain tariffs on EU goods at a level of at least 15%-20% in any agreed-upon deal. In the preceding weeks, both sides were considering keeping tariffs on most goods at a baseline level of 10%. However, Trump's tougher stance this time is aimed at testing the EU's tolerance for tariff pressure.
Sources said Trump remains unmoved by the EU's recent proposal to lower car tariffs and has indicated his willingness to keep the car tariffs at the originally planned 25%. A U.S. official revealed that even if an agreement is reached, the U.S. government is considering setting reciprocal tariffs at 10% or higher.
A senior EU diplomat stated that if Trump insists on setting reciprocal tariffs at 15%-20%, it would go back to the levels seen at the beginning of the trade talks in April this year, potentially compelling the EU to take retaliatory measures. (Jinse)
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