As of May 24, 2025, analysts at Goldman Sachs expressed cautious optimism regarding trade negotiations between the US and the EU, despite tensions caused by Donald Trump's tariff policy. In April, Trump imposed import tariffs, including 10% for all US trading partners and 145% for China, which triggered a collapse in global markets. The EU responded with a request for negotiations, and 70 countries, including European states, have approached the US to lower rates.
Goldman Sachs believes that the negotiations could lead to a partial reduction in tariffs if the EU agrees to bilateral agreements similar to those that the US is already discussing with Japan and India. However, analysts warn: uncertainty remains due to Trump's tough stance on the US trade deficit, which exceeded $1 trillion in 2023. European companies reliant on the American market may face pressure if the negotiations drag on.
Trade tensions are impacting the global economy, and their consequences are still ahead. Stay tuned for updates at #MiningUpdates
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