Trump pushes for 15-20% tariffs on European Union: FT
US President Donald Trump speaks throughout a gathering with Bahraini Crown Prince Salman bin Hamad Al Khalifa on the White Home Oval Workplace in Washington, DC, on July 16, 2025.
Andrew Caballero -Rynolds | AFP | Gety footage
US President Donald Trump Not less than 15-20 % requests Definitions On imports from European Unionthe I mentioned financial times Friday, quoting sources.
In line with three individuals who had been briefed on commerce talks between the USA and the bloc, Trump escalated his calls for after weeks of negotiations on a doable framework deal, the paper mentioned.
With lower than two weeks till the date of Trump on August 1, the talks between the 2 forces appeared to have stopped.
The European Union hoped for the same deal to the UK, which maintained a ten % primary tariff with some exemptions from the sector.
Trump has usually cleared commerce surplus in the USA of America ($ 231 billion) in the USA.
For its half, European Union officers say commerce is extra balanced when companies and investments are taken into consideration. Additionally they pledged to extend the purchases of oil and gasoline to slender the business hole.
CNBC contacted the European Fee to touch upon the report, which was despatched Dow Jon’s industrial average to Low sessionBuying and selling greater than 250 factors decrease.
– Jenny Reed of CNBC contributed to this report.
2025-07-18 17:17:00
