The EU is ready to accept Trump’s universal 10% tariff on most of its exports to the US but demands exceptions for key sectors like automotive, pharmaceuticals, alcohol, steel, aluminum, and semiconductors. Yes, you read that right — the EU is bending under Trump’s tariff pressure! President Donald Trump earlier this year imposed tariffs of 25% on cars and 50% on steel and aluminum, and now the EU is pushing to soften or remove these tariffs. The European Union insists that any tariff reductions take effect immediately after signing an initial deal, without waiting for the final version, as many member states don’t want to wait and risk further escalation. European Trade Commissioner Maroš Šefčovič and his team are currently in Washington trying to reach a framework agreement that would allow negotiations to continue after July 9 — the deadline Trump set for bilateral trade deals. If no deal is reached, the entire EU export to the US could face tariffs up to 50%, which would be an economic earthquake. According to the latest information, all outcomes are still on the table, and tariff escalation could include additional sectors. So, dear readers, is this the start of trade chaos or just another round in Trump’s trade game? Drop a comment, crack a joke, or just share your thoughts — this saga is shaping up like a thriller with an unpredictable ending!
EU Bends Under Trump’s Tariffs: Is This the Start of Trade Chaos?
