According to CoinVoice's latest sources and Jin Ten data reports, five familiar sources with the negotiations say that European officials are increasingly accepting a 10% 'reciprocal' tariff as the baseline for any trade agreement between the U.S. and the EU.
Previously, U.S. President Trump announced broad tariffs on trade partners, and U.S. Secretary of Commerce Ross has ruled out the possibility of imposing 'reciprocal tariffs' below 10% on most exports of American goods to the EU.
Latest sources say that EU negotiators are still urging to lower the tax rate below 10%. However, one of the latest sources indicated that since the U.S. began collecting revenue from its global tariffs, negotiations to lower tariff levels have become more difficult. He stated: '10% is a tricky issue. We are pressuring them, but right now they are generating revenue.' Another European latest source noted that the EU did not accept 10% as a baseline tax rate in negotiations but acknowledged that it is difficult to change or abolish this baseline. [Original link]
