Commerce Chief Hails EU Trade ‘Masterclass,’ Sees Deal Finished by Friday

U.S. Commerce Secretary Lutnick described the emerging trade arrangement with the European Union as a “masterclass” delivered by former President Donald Trump, saying Brussels agreed largely because of expected gains for its pharmaceutical and automotive industries. He argued that persistent U.S. trade surpluses show the country has been “sold out,” underscoring the administration’s push to reset terms with major partners. Lutnick told CNBC that the fundamentals of a deal are in place but “plenty of horse trading” remains. Washington has accepted that EU exports of natural resources will not face U.S. tariffs, while issues such as digital-services rules and levies on steel and aluminum are still on the table. The secretary said negotiators aim to finish the talks by Friday, although further rounds may be needed if outstanding points are not resolved.