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U.S. seeking political deal with EU ahead of potential trade agreement

CNBC · Older
CNBC
CNBC
Older

The Trump administration’s latest trade proposal to the EU seeks to strike an agreement in principle, with the aim of formalizing the deal into a full trade agreement down the line, according to three sources familiar with the matter. As of now, all scenarios remain on the table, including no deal.

Breakdown
  • US proposes a 10% universal tariff with exemptions for key sectors if EU agrees.
  • EU seeks lower tariffs on autos, steel, aluminum, and maintains stance on tech laws. 15s
  • US is currently seeking only a political agreement, not a full trade deal. 1m 9s
  • Some EU member states want tariffs lower than the proposed 10%. 2m 18s
  • EU is also exploring trade partnerships with Asia-Pacific and Latin America. 3m 0s
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