{"id":41742,"date":"2025-07-19T11:35:50","date_gmt":"2025-07-19T11:35:50","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/19\/donald-trump-demands-15-20-tariffs-on-eu-report\/"},"modified":"2025-07-19T11:35:50","modified_gmt":"2025-07-19T11:35:50","slug":"donald-trump-demands-15-20-tariffs-on-eu-report","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/07\/19\/donald-trump-demands-15-20-tariffs-on-eu-report\/","title":{"rendered":"Donald Trump demands 15-20% tariffs on EU: report"},"content":{"rendered":"
<\/div>\n

Trade tensions between the United States and the European Union have intensified, as former President Donald Trump escalates demands for significantly higher tariffs in ongoing negotiations. <\/p>\n

With an August 1 deadline looming, both sides face a standoff that could trigger retaliatory measures and unsettle global markets.<\/p>\n

Trump pushes for 15%\u201320% minimum tariffs<\/h2>\n

Financial Times reported citing sources familiar with the discussions, that Trump has proposed a minimum tariff of 15% to 20% on most goods in any agreement with the EU, a sharp increase from the previously discussed 10% baseline. <\/p>\n

This hardened position appears designed to test the EU\u2019s willingness to accept unfavorable terms as the talks near a critical juncture.<\/p>\n

Trump has also dismissed recent EU proposals to reduce car tariffs and is reportedly comfortable keeping duties on automobiles at the existing 25%. <\/p>\n

US officials have further indicated that, even if a deal is reached, the administration could pursue a reciprocal tariff rate exceeding 10%.<\/p>\n

The possibility of a 30% blanket tariff on all EU imports, floated by Trump and linked to the August 1 deadline, has raised alarms in Brussels. <\/p>\n

The European side remains divided over how aggressively to respond, but the mounting pressure has fueled internal discussions over retaliation.<\/p>\n

European officials warn of retaliation<\/h2>\n

EU trade commissioner Maro\u0161 \u0160ef\u010dovi\u010d delivered a downbeat report to EU ambassadors following his recent meetings in Washington, highlighting the widening gap between the two sides. <\/p>\n

German Chancellor Friedrich Merz echoed this pessimism, warning that while the EU supports sectoral rules to manage tariffs, \u201cthe American side views it more critically.\u201d<\/p>\n

FT cited a senior EU diplomat who said that if Trump insists on locking in 15%\u201320% reciprocal tariffs, it would effectively undo months of negotiations and push Brussels closer to retaliation. <\/p>\n

\u201cWe don\u2019t want a trade war, but we don\u2019t know if the US will leave us a choice,\u201d the diplomat stated.<\/p>\n

A second EU official added that \u201cthe mood has clearly changed\u201d in Brussels, noting growing support for countermeasures: \u201cWe are not going to settle at 15 per cent.\u201d<\/p>\n

The EU has already prepared multiple packages of retaliatory tariffs but has delayed implementing them while talks continue. <\/p>\n

These include measures on \u20ac21 billion of annual US imports, targeting goods such as chicken and jeans, set to take effect on August 6 if no deal is reached. <\/p>\n

Another proposal targets \u20ac72 billion in imports, including Boeing aircraft and bourbon, with a third list in development that would extend duties to digital services and online advertising revenue.<\/p>\n

Market reaction and economic implications<\/h2>\n

The S&P 500 dipped as much as 0.2% following news of Trump\u2019s tariff demands, though markets have largely remained resilient. <\/p>\n

US stocks have reached record highs since the president first imposed wide-reaching tariffs in April, before reducing them to 10% for a 90-day period.<\/a><\/p>\n

Despite warnings from economists that elevated tariffs could drive inflation, the US consumer price index saw only a minor uptick this month. <\/p>\n

Meanwhile, the US collected nearly $50 billion in additional customs revenue in Q2, and has thus far avoided sweeping retaliation from major trading partners.<\/p>\n

Still, with \u20ac380 billion in EU exports to the US now under threat, out of a total \u20ac532.3 billion, the prospect of retaliatory action remains a growing concern. <\/p>\n

The EU’s largest market is the US, accounting for one-fifth of its total exports, raising the stakes considerably as the August 1 deadline approaches.<\/p>\n

The post Donald Trump demands 15-20% tariffs on EU: report<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Trade tensions between the United States and the European Union have intensified, as former President Donald Trump escalates demands for significantly higher tariffs in ongoing negotiations. With an August 1 deadline looming, both sides face a standoff that could trigger retaliatory measures and unsettle global markets. Trump pushes for 15%\u201320% minimum tariffs Financial Times reported <\/p>\n","protected":false},"author":1,"featured_media":41743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-41742","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=41742"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/41742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/41743"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=41742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=41742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=41742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}