Summary
- It has been reported that the United States has proposed a trade agreement to the European Union (EU) applying a 10% tariff.
- This agreement is said to have a lower tariff rate than the previous 20% proposed by President Donald Trump.
- President Trump reportedly signed an executive order extending the tariff negotiation deadline to August 1.
It has been reported that the United States has entered into tariff negotiations with the European Union (EU).
On the 8th (Korean time), Politico, citing sources, reported that the United States proposed to the European Union an agreement to maintain a 10% basic tariff on all EU goods except for certain products such as aircraft and alcoholic beverages.
In the previous 'reciprocal tariff' plan announced by then-President Donald Trump, a tariff rate of 20% was set for the European Union.
Earlier that morning, President Donald Trump signed an executive order extending the tariff negotiation deadline to August 1.
Uk Jin
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