A preliminary agreement is expected by Wednesday, according to sources, with implementation planned by 1 August. Negotiations are accelerating to secure exemptions from a baseline 10% tariff in some strategic sectors.
BreakdownGenerated by LeadStory AI
- EU and US are negotiating a trade deal involving a 10% universal tariff.
- The US has imposed higher sector-specific tariffs on cars, steel, and aluminium. 43s
- EU seeks exemptions for strategic sectors such as aviation and pharmaceuticals. 1m 0s
- France wants a tougher stance, while Italy and Germany push for a quick deal. 1m 18s
- EU is preparing retaliatory measures if the US increases tariffs further. 1m 41s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.