Trade analyst: Trump letter may strengthen EU's belief in retaliation

According to BlockBeats, on July 13th, Dan Marani, former Assistant Trade Representative for Europe and the Middle East, said he believed Trump's letter to the European Union was meant to push for a better deal. Trump had previously threatened to impose a 50% tariff on the European Union in May, which seemed to accelerate the negotiation process. However, Marani said that this letter may encourage those within the EU who want retaliation, as they believe that the United States is not serious about reaching an agreement. He said, 'These people will feel that their views are reasonable.' (Jin Shi)