On Sunday, July 20, Commerce Secretary Howard Lutnick expressed his optimism about the possibility of reaching a trade agreement with the EU before the August 1 deadline. Currently, the Trump administration has threatened to impose a 30% tariff on the EU once the deadline expires. However, recent reports also suggest that President Trump would consider reducing it to 15-20%.
Lutnick stated that he had just spoken with European trade negotiators and noted that there is "ample room" to reach an agreement. In an interview with CBS's "Face the Nation," Lutnick commented:
"These are the two most important trading partners in the world, in dialogue. We will reach an agreement. I am confident we will succeed."
While the cryptocurrency market as a whole is recovering, the price of Bitcoin (BTC) remains steady at $188,000. Market analysts predict a full-speed altcoin season in the second half of 2025.