PANews July 13 news, according to Jin Shi reports, the European Union has been trying to reach a temporary agreement with the United States to avoid higher tariffs, but Trump's letter has shattered the EU's recent optimism. However, Trump has indeed left room for further adjustments. Brian Jacobson, chief economist at Annex Wealth Management, wrote, “Like previous letters, there are many conditions and terms that could reduce these tariffs, which may be why the market may not like tariff negotiations but is also not panicking about it.”