Strategist: EU will have to accept 10% tariff
According to online reports, Mathieu Savary, chief European strategist at BCAResearch, said Trump's strategy is to make outrageous demands, then let them fall through, and then try again to win some last-minute concessions, and then reach a trade agreement. We remember a framework for Trump during his first term as president, and this is what is happening now. It doesn't matter what you say now; what matters is where we will land. It is expected that the EU will eventually "have to accept a 10 percent tariff, but that's something the EU can actually handle." Earlier, U.S. President Trump announced a 30% tariff on EU goods starting from August 1. Three EU officials said Trump's threat to impose 30% tariffs on EU goods starting August 1 was a negotiating tactic.
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