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Top EU official expects Trump tariffs of about 20%, FT reports

Published by Global Banking and Finance Review

Posted on March 26, 2025

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(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)

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