WH Press Secretary Leavitt says:
- EU continues to be very eager to trade negotiations
What did Pres. Trump tariff letter to the EU say:
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30 % tariffs on all EU imports to begin August 1, 2025, unless a trade deal is signed beforehand
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This was part of a broader strategy—letters were sent to around 150 countries, notifying them of new blanket tariffs of 10 % or 15 %, while EU (and Mexico) faced the steeper 30 % penalty
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Trump justified these high rates by citing persistent U.S.–EU trade imbalances and elevated tariffs applied by the EU, especially on automobiles and industrial products, framing it as a national security issue
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He also issued a warning that additional tariffs may follow if the EU retaliated .
This article was written by Greg Michalowski at www.forexlive.com.