US President Donald Trump spoke throughout a gathering with Bahrey Crown Prince Salman bin Hamad al-Halifa within the Washington Oval Cupboard in Washington, Colombia County, July 16, 2025.
Andrew Caballero-Reynolds | AFP | Ghetto photographs
US president Donald Trump requires a minimal of 15-20% Tariffs on imports from European UnionThehe Financial Times reports Friday, citing sources.
In line with three individuals conversant in commerce negotiations between the US and the bloc, Trump has escalated his requests after weeks of negotiations for a potential framework transaction, the doc mentioned.
At lower than two weeks to the Trump deadline on August 1, it appears that evidently the conversations between the 2 forces have stopped.
The EU hoped for a deal just like that of the UK, which maintains a ten% base price with some exceptions to the sector.
Trump has typically enchanted 198 billion euros within the EU ($ 231 billion) commerce surplus of products with the US
EU officers, for his or her half, say that commerce is rather more balanced when bearing in mind companies and investments. Additionally they promised to extend oil and gasoline purchases to scale back the commerce distinction.
CNBC contacted the European Fee for touch upon the report that despatched Dow Jones Industrial Average as much as a lowbuying and selling with greater than 250 factors smaller.
– Jenny Reed of CNBC contributed to this report.
