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
See The Full Story

Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.