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Donald Trump deal to leave EU facing higher tariffs than UK, FT reports
Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
EU negotiators are close to a trade deal with Trump, setting higher tariffs than the UK. A temporary agreement proposes a 10% tariff while talks continue.
(Reuters) -European Union negotiators are closing in on a trade deal with U.S. President Donald Trump that would cement higher tariffs than those granted to the UK, the Financial Times reported on Tuesday.
Brussels is ready to sign a temporary "framework" agreement that would set Trump's "reciprocal" tariffs at 10% while talks continue, the newspaper reported.
Reuters could not immediately confirm the report.
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Kim Coghill)
The proposed tariff rate in Trump's deal with the EU is set at 10%.
The EU deal is expected to impose higher tariffs than those granted to the UK.
Brussels is ready to sign a temporary 'framework' agreement while negotiations continue.
The details of the trade deal were reported by the Financial Times.
No, Reuters could not immediately confirm the report regarding the trade deal.
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