US–EU trade tensions simmer, but no blowup yet
Despite expectations, Trump hasn’t sent a tariff threat letter to the EU — for now.
• Reuters reports ongoing intensive trade talks.
• A smooth deal seems unlikely given Trump’s high-drama, pressure-heavy approach.
• The EU’s complex structure and relative leverage make negotiations especially tough.
We're likely only mid-stage in Trump's typical negotiation cycle — and escalation still looks inevitable.