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Trump pushes for 15-20% minimum tariff on all EU goods, FT reports

Published by Global Banking and Finance Review

Posted on July 18, 2025

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(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)

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