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Portugal Sees EU, US Reaching Trade Deal With ‘Very Low’ Tariffs

Summary by Bloomberg
Portuguese Finance Minister Joaquim Miranda Sarmento said he sees the European Union and the US reaching an agreement with tariffs potentially below 10% that would help keep trade flowing.

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Investors continue to hope for a favourable agreement between the European Union and the United States. ...

·Brussels, Belgium
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The countdown is underway: while tariffs between the EU and the US are threatening to rise to up to 50 percent, a possible trade agreement with significantly lower tariffs is approaching. Portuguese finance minister Joaquim Miranda Sarmento talks about an opportunity for tariffs below 10 percent – a glimmer of hope in the midst of tense transatlantic economic relations. However, [...] The post showdown with the US: EU is poking for a deal with "…

Portugal's finance minister, Joaquim Miranda Sarmento, hopes that the European Union and the United States will finally be able to reach a mutually beneficial trade agreement "with very low tariffs".

MADRID, 7 (EUROPA PRESS) Portugal's finance minister, Joaquim Miranda Sarmento, hopes that the European Union and the United States will finally be able to reach a mutually beneficial trade agreement "with very low tariffs". "We hope that, in the end, it will be possible to reach an agreement with very low tariffs, an agreement that can be perceived [...] The entry Portugal hopes that the EU and the US will reach an agreement with "very low" tar…

Minister of Finance Joaquim Miranda Sarmento believes that it is possible to reach an agreement with the United States of America (USA) with less than 10% rates, which would help maintain trade exchanges. "It is possible to reach an agreement with very low rates, which can be perceived as beneficial for both parties and can continue to allow us to negotiate and add value to our citizens," said the Portuguese governor in an interview with Bloombe…

·Portugal
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Bloomberg broke the news in United States on Monday, July 7, 2025.
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