The European Union is pressing for a more ambitious trade agreement with the United States than the deals recently struck with the United Kingdom and China, according to EU officials on Thursday. In recent months, President Trump’s administration imposed a series of aggressive tariffs on European goods, including automobiles, steel, and aluminum. Although a sharp increase in tariffs was announced in early April, the U.S. later scaled it back to 10% for 90 days to allow space for negotiations.
In contrast, last week’s U.S.-U.K. deal maintained a 10% baseline tariff on a wide range of British exports. A separate U.S.-China agreement also paused some tariff hikes for 90 days but left duties significantly higher than before Trump took office. European officials made it clear they are not satisfied with this level of tariff reduction and expect better treatment. Polish Deputy Economy Minister Michal Baranowski, who chaired Thursday’s EU trade meeting, said the bloc wants a broader and more meaningful deal.
Sweden’s trade minister, Benjamin Dousa, echoed that sentiment, warning of potential EU retaliation if the U.S. fails to offer deeper tariff cuts. “If that’s what’s waiting for Europe, the U.S. can expect countermeasures from our side,” Dousa said. Baranowski noted that the EU still has time left in the current 90-day negotiation window and emphasized the importance of getting a fair deal rather than a fast one. EU negotiators see signs of progress, citing a recent de-escalation in U.S. rhetoric as a positive step.
EU Trade Commissioner Maros Sefcovic also signaled optimism after a “constructive” phone call with U.S. Commerce Secretary Howard Lutnick. He stressed the EU’s goal of resolving immediate challenges while also laying the foundation for long-term cooperation. However, tensions could rise again if the U.S. proceeds with a Section 232 investigation into pharmaceutical imports, which could lead to further tariffs on drugs, many of which are produced in European countries like Ireland.
Irish Deputy Prime Minister Simon Harris criticized the idea, calling it absurd to suggest that EU pharmaceutical exports could threaten U.S. national security. He warned that such tariffs would damage both economies, especially given the strong presence of American pharmaceutical companies in Ireland. Meanwhile, the EU remains cautious about possible side effects from U.S.-China trade shifts, especially fears of Chinese exporters flooding the European market. Still, Monday’s agreement between Washington and Beijing has helped ease that concern—for now.
This website is published by Fortune Prime Limited
The information provided on this website is intended for general informational purposes only and does not constitute financial or investment advice. The content on this website is not tailored to the specific circumstances or investment objectives of any individual or entity.
Please be aware that the products mentioned on this website, including Over the Counter (OTC) foreign exchange contract and derivative products carries a high level of risk which may not be suitable for everyone, that may result in the loss of your investment. We strongly recommend seeking professional advice or conducting thorough research before making any investment decisions or engaging in derivative product trading.
This website may provide links to external websites or third-party content for your convenience. However, we do not endorse or take responsibility for the accuracy, completeness, or reliability of any information, products, or services offered by these external sources.
By using this website, you acknowledge that you have read, understood, and agreed to the terms of this disclaimer. If you have any questions or concerns, please contact us for further clarification.
Please note that this disclaimer applies specifically to non-Australian products. If you are located in Australia, different regulations and disclosures may apply.
The availability, terms, and conditions of these products may vary depending on your jurisdiction.
The services listed on this website are not available to residents of the USA, Japan Ukraine, Indonesia, New Zealand, Australia, and North Korea.
FPG is authorized and regulated in various jurisdictions.
Fortune Prime Limited trading as FPG Fortune Prime Global, is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), number 700507 .
Fortune Prime Global Capital Pty Ltd is authorised and regulated by the Australian Securities and Investments Commissions (ASIC), AFSL no. 400364. It is authorised to perform financial services in Australia.
This website is published by Fortune Prime
The information provided on this website is intended for general informational purposes only and does not constitute financial or investment advice. The content on this website is not tailored to the specific circumstances or investment objectives of any individual or entity.
Please be aware that the products mentioned on this website, including Over the Counter (OTC) foreign exchange contract and derivative products carries a high level of risk which may not be suitable for everyone, that may result in the loss of your investment. We strongly recommend seeking professional advice or conducting thorough research before making any investment decisions or engaging in derivative product trading.
This website may provide links to external websites or third-party content for your convenience. However, we do not endorse or take responsibility for the accuracy, completeness, or reliability of any information, products, or services offered by these external sources.
By using this website, you acknowledge that you have read, understood, and agreed to the terms of this disclaimer. If you have any questions or concerns, please contact us for further clarification.
Please note that this disclaimer applies specifically to non-Australian products. If you are located in Australia, different regulations and disclosures may apply.
The availability, terms, and conditions of these products may vary depending on your jurisdiction.
The services listed on this website are not available to residents of the USA, Japan, Ukraine, Indonesia, New Zealand, Australia, and North Korea.
Fortune Prime Limited is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), number 700507.
Registered address: 1276 Govant Building, Kumul Highway, Port Vila, Vanuatu.
Business (physical) address: Suite 5, 18-20 Prospect St, Box Hill VIC 3128 Australia.
Financial Services Guide | Privacy Policy | Product Disclosure Statement | Terms & Conditions
This website is published by Fortune Prime Limited.
Investing in Over the Counter (OTC) foreign exchange and derivative products carries a high level of risk and is not suitable for all investors. You do not own, or have, any interest in the underlying assets. We encourage you to consider your investment objectives, your risk tolerance, and trading experience and seek independent financial or tax advisor advice or conducting thorough research before trading. You could lose substantially more than your initial investment so do not invest money you cannot afford to lose. We only provide general advice which does not consider your financial objectives or personal circumstances. The content of this website should not be interpreted as personal advice.
Customers registered on this website will open under Fortune Prime Limited, which is incorporated in Vanuatu with a financial license number 700507 and is regulated by the Vanuatu Financial Services Commission (VFSC).
The Fortune Prime Group of companies is authorized and regulated in various jurisdictions.
Fortune Prime Limited trading as Fortune Prime Global, is authorised and regulated by the Vanuatu Financial Services Commission (VFSC), number 700507 and is Registered address: 1276, Govant Building, Kumul Highway, Port Vila, Vanuatu.
Financial Services Guide | Privacy Policy | Product Disclosure Statement | Terms & Conditions
Please add the WeChat FPG_01, or scan the QR code.