American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Donald Trump demands 15-20% tariffs on EU: report

by admin July 19, 2025
July 19, 2025
Donald Trump demands 15-20% tariffs on EU: report

Trade tensions between the United States and the European Union have intensified, as former President Donald Trump escalates demands for significantly higher tariffs in ongoing negotiations.

With an August 1 deadline looming, both sides face a standoff that could trigger retaliatory measures and unsettle global markets.

Trump pushes for 15%–20% minimum tariffs

Financial Times reported citing sources familiar with the discussions, that Trump has proposed a minimum tariff of 15% to 20% on most goods in any agreement with the EU, a sharp increase from the previously discussed 10% baseline.

This hardened position appears designed to test the EU’s willingness to accept unfavorable terms as the talks near a critical juncture.

Trump has also dismissed recent EU proposals to reduce car tariffs and is reportedly comfortable keeping duties on automobiles at the existing 25%.

US officials have further indicated that, even if a deal is reached, the administration could pursue a reciprocal tariff rate exceeding 10%.

The possibility of a 30% blanket tariff on all EU imports, floated by Trump and linked to the August 1 deadline, has raised alarms in Brussels.

The European side remains divided over how aggressively to respond, but the mounting pressure has fueled internal discussions over retaliation.

European officials warn of retaliation

EU trade commissioner Maroš Šefčovič delivered a downbeat report to EU ambassadors following his recent meetings in Washington, highlighting the widening gap between the two sides.

German Chancellor Friedrich Merz echoed this pessimism, warning that while the EU supports sectoral rules to manage tariffs, “the American side views it more critically.”

FT cited a senior EU diplomat who said that if Trump insists on locking in 15%–20% reciprocal tariffs, it would effectively undo months of negotiations and push Brussels closer to retaliation.

“We don’t want a trade war, but we don’t know if the US will leave us a choice,” the diplomat stated.

A second EU official added that “the mood has clearly changed” in Brussels, noting growing support for countermeasures: “We are not going to settle at 15 per cent.”

The EU has already prepared multiple packages of retaliatory tariffs but has delayed implementing them while talks continue.

These include measures on €21 billion of annual US imports, targeting goods such as chicken and jeans, set to take effect on August 6 if no deal is reached.

Another proposal targets €72 billion in imports, including Boeing aircraft and bourbon, with a third list in development that would extend duties to digital services and online advertising revenue.

Market reaction and economic implications

The S&P 500 dipped as much as 0.2% following news of Trump’s tariff demands, though markets have largely remained resilient.

US stocks have reached record highs since the president first imposed wide-reaching tariffs in April, before reducing them to 10% for a 90-day period.

Despite warnings from economists that elevated tariffs could drive inflation, the US consumer price index saw only a minor uptick this month.

Meanwhile, the US collected nearly $50 billion in additional customs revenue in Q2, and has thus far avoided sweeping retaliation from major trading partners.

Still, with €380 billion in EU exports to the US now under threat, out of a total €532.3 billion, the prospect of retaliatory action remains a growing concern.

The EU’s largest market is the US, accounting for one-fifth of its total exports, raising the stakes considerably as the August 1 deadline approaches.

The post Donald Trump demands 15-20% tariffs on EU: report appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Sarepta shares fall 37% as FDA questions future of key gene therapy
next post
Netflix continues to attract ad dollars as it offers ‘holy trinity’ to advertisers

Related Posts

Should you buy Coinbase stock after its post-earnings...

November 1, 2024

KOSPI Index forms a risky pattern amid Samsung,...

December 12, 2024

European gas markets on the edge ahead of...

November 13, 2024

Is the soaring Hims & Hers stock a...

October 3, 2024

iDEGEN accelerates as Trump family meme coins crash...

January 21, 2025

AMD stock price analysis after the $245 billion...

April 17, 2025

UK industrial strategy targets energy costs, R&D and...

June 23, 2025

iPhone Fold: Inside Apple’s supply chain & strategy...

July 16, 2025

Expedia’s cost controls offer hope, but analysts see...

May 10, 2025

UnitedHealth scraps Medicare Advantage commissions: will UNH stock...

June 18, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved