July 14th EU Tariff Decision Looms, Weighing Retaliation Against Recession Fears.
▫️The EU has temporarily halted the imposition of tariffs on €21 billion worth of US imports
▫️US President Donald Trump has threatened to raise tariffs on EU imports from the initial 25% to a drastic 50%, with talks ongoing until a July deadline
▫️The EU is now considering a UK‑style trade agreement with the US, which would include reciprocal 10% tariffs on goods, with plans to later negotiate and reduce tariffs on sensitive items like steel and cars
