Brussels gives ground as Trump holds firm on 10% tariffs

EU trade negotiators are grappling with the reality that they may not overturn US President Trump’s “reciprocal” tariffs, necessitating deeper concessions to prevent a trade war. Senior EU officials conveyed concerns that the 10% tariff on goods affecting 70% of EU exports could persist, as Brussels faces pressure to either concede or retaliate. Amidst these challenges, measures such as deregulation and negotiations on sensitive exports like cars are being discussed, but some member states advocate for a firmer stance against the US to avoid settling for the current tariff levels.

Full Article