🚨🇺🇸🇪🇺 BIG NEWS 🇪🇺🇺🇸🚨
EU Considering Tariff Cuts to Strike Trade Deal with Trump
BRUSSELS: The European Union is reportedly weighing a reduction in tariffs on a range of imports from the United States in a bid to strike a swift trade agreement with former President Donald Trump, according to sources familiar with the matter, as reported by the Wall Street Journal.
EU leaders are expected to meet in Brussels on Thursday evening to assess how far they’re willing to go to secure a deal with Trump. Concessions under consideration include:
🔹 Lowering non-tariff trade barriers (e.g. simplifying regulations)
🔹 Purchasing more U.S. goods, such as liquefied natural gas (LNG) and agricultural products
🔹 Cooperating with the U.S. on China, particularly on concerns over market access and state subsidies
The pace of trade talks has accelerated since Trump threatened in May to impose 50% tariffs on EU imports, a threat he later suspended in favor of continued negotiations through July 9.
European diplomats and officials increasingly believe that Trump is unlikely to reduce the U.S.’s baseline 10% tariffs, and are now focused on securing as many exemptions as possible to mitigate the economic impact on EU industries. 🇪🇺💸
🔍 Many experts note that Trump, who has long claimed that the EU was “created to hurt the United States,” is likely to demand a symbolic victory as part of any deal, a dynamic that could complicate negotiations.
📜 Any final agreement will need ratification by all EU member states, making the scope of U.S. concessions a critical factor in whether a deal is ultimately signed.
