EU examines US proposal of 10% tariffs but concerns remain on sectoral tariffs
A preliminary agreement is expected by Wednesday, according to sources, with implementation planned by 1 August. Negotiations are accelerating to secure exemptions from a baseline 10% tariff in some strategic sectors.
READ MORE : http://www.euronews.com/2025/07/08/eu-examines-us-proposal-of-10-tariffs-but-concerns-remain-on-sectoral-tariffs
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00:00The European Union is holding firm to a goal of doing a trade deal with US President Donald Trump by the 9th of July,
00:11despite Washington's last-minute decision to postpone the deadline to strike a deal on universal tariffs until August.
00:18They seem to have been pushing closer to a deal in recent weeks.
00:22They seem to really be pushing to make the original deadline of the 9th of July in a couple of days.
00:28It's hard to say what type of deal they would get out of it.
00:32It seems like they're closing in on some type of deal like what the UK got from the US,
00:37which would mean that the 10% universal tariff that Trump imposed would stay in place.
00:43The US has applied sector-specific tariffs of 25% on cars and 50% on steel and aluminium,
00:51as well as a 10% tariff on imported foreign products.
00:55The European Commission is aiming for reciprocal tariffs of 10% and is seeking relief for strategic sectors such as aviation and pharmaceuticals.
01:04In the absence of a deal, Trump is threatening to slap tariffs of up to 50% on European products.
01:11France is pushing very hard not to enter into a bad deal.
01:15They want to use EU's existing trade tools to push back and inflict some pain on Trump and maybe try to get a better deal that way.
01:23While some countries like Italy and Germany are pushing very hard just to get any sort of deal over the line to preserve their own industries and try to remove tariffs on them.
01:34A second list of retaliatory measures is now being drafted in Brussels.
01:41Officials say it will be tailored to match any new US tariffs, aiming to restore the balance if necessary.
01:47is now being drafted.
01:48If not, I am the last one, nor to take your money.
01:49If not, I am the last one.
01:50If not, I am the last one, I will have one of the options I want to pursue my money.
01:51If not, I am the last one, I need to go.
01:52If not, I am the last one and I can do not have one of the options that I am the best to try to win on this.
01:53I just want to make money.
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01:56If not, I am the last one.
01:57Sia is also the most paramount that I am the charge at the court and I am the law of Astros is not able to support
01:58from a public service as an emergency.
01:59If not, they are anywhere I will be in the clutch.
