Trump escalates pressure on EU: minimum tariffs may rise to 15% -20%

On July 19th, according to insiders, Trump raised his demands in his trade negotiations with the European Union, hoping that tariffs on EU goods would be maintained at a level of at least 15% -20% in any agreement reached. In the past few weeks, both sides planned to maintain tariffs on most goods at a base level of 10%. But Trump's tougher stance this time is intended to test the EU's ability to withstand tariff pressure. Insiders say that Trump is indifferent to the latest plan proposed by the European Union to reduce car tariffs and is willing to keep the car tariffs unchanged at 25% as originally planned. A US official revealed that even if an agreement is reached, the US government is considering setting equivalent tariffs above 10%. A senior EU diplomat said that if Trump insists on setting the equivalent tariffs at a level of 15% -20%, it will return to the level at which trade negotiations began in April this year and may force the EU to take retaliatory measures. (Golden Ten)