EU Plans Concessions for Trump After Reciprocal Tariffs Hit
The US hasn’t indicated the tariff level it will apply on the EU but officials in the bloc expect the rate to fall between 10% and 25%.
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The European Union is identifying concessions it’s willing to make to Donald Trump’s administration to secure the partial removal of the US tariffs that have already started hitting the bloc’s exports and that are set to increase after April 2.
EU officials were told at meetings this week in Washington that there was no way to avoid new auto and so-called reciprocal tariffs that Trump is launching next week, according to people familiar with the talks. Discussions also began on what the contours of a potential deal to reduce them should eventually look like.