Headlines
Trump pushes for 15-20% minimum tariff on all EU goods, FT reports
Published by Global Banking & Finance Review®
Posted on July 18, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 18, 2025
1 min readLast updated: January 22, 2026
Trump proposes a 15-20% tariff on EU goods, aiming for a reciprocal rate over 10%. He remains firm on a 25% car tariff, despite EU offers.
(Reuters) -U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.
Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would keep duties on the sector at 25% as planned, the report said citing unnamed sources.
Reuters could not immediately verify the report.
(Reporting by Angela Christy in Bengaluru; Editing by Mark Porter)
A reciprocal tariff is a trade policy where countries impose tariffs on each other's goods to encourage fair trade practices.
Economic growth refers to the increase in the production of goods and services in an economy over a period, typically measured by GDP.
Trade securities are financial instruments that represent ownership in a company or a claim on its assets, often traded on stock exchanges.
Import refers to bringing goods or services into a country from abroad, while export refers to sending goods or services from one country to another.
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