CoinVoice has recently learned, according to Jinshi reports, that 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 did leave room for further adjustments. Brian Jacobson, Chief Economist at Annex Wealth Management, wrote, "Like previous letters, there are many conditions and terms that could lower these tariffs, which may be why the market might not like tariff negotiations but is not panicking about them either." [Original link]