US Edition
US and EU close in on 15% tariff deal, FT reports
BRUSSELS, BELGIUM, JUL 23 – The deal aims to lower tariffs from 30% to 15%, including exemptions on some products, to ease trade tensions and prevent retaliatory tariffs, EU diplomats said.
- On July 24, 2025, the United States and European Union appear close to finalizing a 15% tariff agreement, the Financial Times reported, to avoid a broader trade war.
- Following the US-Japan deal on Tuesday, Donald Trump delivered a letter threatening 30% duties on EU imports effective August 1, according to Financial Times.
- Amid talks, markets noted that Bitcoin prices jumped, according to the Financial Times report.
- EU member states will vote on €93 billion of counter-tariffs on Thursday, while Kush Desai warned that deal discussions are speculation.
- With the deadline looming, the European Commission confirmed consultations aim to finalise an agreement before 1 August 2025, and negotiators keep the 'trade bazooka' on standby.
159 Articles
159 Articles
EU turns up pressure with Trump trade deal ‘in reach’
With the contours of a hard-fought EU-US trade deal taking shape, the European Union is flexing its muscles in a bid to squeeze concessions from US President Donald Trump in the run-up to his deadline of August 1. Brussels and Washington appear to be inching towards a deal with a baseline 15-percent US levy on
While keeping the hope of a last-minute negotiated solution, the European Union adopted on Thursday 24 July a list of US goods that would be taxed if Donald Trump applied its customs duties on 1 August.
Shortly before Trump's ultimatum expires, movement comes into the EU's customs dispute with the US. However, many German companies have already written off the US market.
A trade agreement between the EU and the United States seems to be emerging, before the deadline of 1 August, which does not prevent Europeans, scalded, from agitating the threat of reprisals in the event of failure, also in the hope of a better agreement.
According to the last word, it is Trump. The Union ready to capitulate, but still threatens retaliation in the event of a deal. The United States and the EU are close to an agreement on duties at 15%. The indiscretion was relaunched by the Financial Times after the interview between the European Commissioner for Trade...
Under the recently concluded deal, the US will impose a 15 percent tariff on Japanese imports, and EU diplomats said Brussels wants to reach a similar deal with Washington. If the talks fail, the EU would impose a 93 billion euro package of retaliatory tariffs on US goods.
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