European Union negotiators are close to signing a temporary “framework” accord with the administration of President Donald Trump that would fix reciprocal tariffs at 10% while broader trade talks continue, according to documents and officials cited by the Financial Times. The arrangement would apply across most goods and is intended to avert the immediate threat of steeper U.S. duties. However, EU officials acknowledge the pact offers less access to the American market than the agreement Washington concluded with the United Kingdom in May, leaving the bloc facing comparatively higher effective tariffs on products such as steel and automobiles. Brussels had originally hoped to conclude a full deal by 9 July but now aims to seal the interim accord before the end of the month, diplomats said. Further negotiations are expected to focus on agricultural products and sector-specific levies, where Washington is reportedly seeking duties above the 10% baseline.
Brexit works. Donald Trump deal to leave EU facing higher tariffs than UK https://t.co/8NdPKpTzdb via @ft
在欧盟逐步接近与美国达成一项潜在贸易协议之际,与特朗普政府的谈判正在考验欧洲的凝聚力。https://t.co/Uf7VoIiaaN
Inching towards a US-EU trade deal or “framework agreement” of lots of things that probably won't actually happen in order to secure some tariff relief. At least that was the UK model that Trump signed. https://t.co/NL2h0BwEK1