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Top EU official expects Trump tariffs of about 20%, FT reports
Published by Global Banking & Finance Review®
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on March 26, 2025
1 min readLast updated: January 24, 2026
EU's trade negotiator Maroš Šefčovič expects 20% tariffs from Trump, affecting all member states equally, as reported by the Financial Times.
(Reuters) - The European Union's top trade negotiator Maroš Šefčovič expects U.S. President Donald Trump to hit the bloc with tariffs of about 20% next week, the Financial Times reported on Wednesday.
Šefčovič told officials Washington's final plan was still unclear but tariffs would apply equally to all 27 member states, after meeting senior administration figures on Tuesday, the newspaper said.
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Chris Reese)
The article discusses expected 20% tariffs by the US on the EU, as predicted by EU trade negotiator Maroš Šefčovič.
Maroš Šefčovič is the European Union's top trade negotiator involved in discussions with US officials regarding tariffs.
The tariffs are expected to apply equally to all 27 EU member states, impacting trade relations.
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