Trump Says 50% Chance of U.S.-EU Deal, To Impose New Round of Tariffs on Other Countries

BlockBeats News, July 25th. Despite recent optimism from EU diplomats about an impending trade agreement, Trump stated that the possibility of the US and EU reaching a deal to lower import tariffs is "only 50-50." Trump said, "I think the chances of reaching an agreement are 50-50, maybe less, but there is still a 50% chance. US and EU negotiators are working closely to reach an agreement." Earlier this month, Trump issued a letter stating that if the US and EU fail to reach an agreement by August 1st, the EU will face punitive measures of a 30% tariff on most goods, as well as industry-specific additional tariffs. Trump also mentioned today that in the coming days, he will unilaterally send out nearly 200 tariff letters to set a new round of tariffs for other countries, with some letters specifying tariff rates of 10% or 15%. (Jinse Finance)