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Strategist: EU Will Have to Accept 10% Tariffs
Summary: According to BCA RESEARCH's Chief European Strategist Mathieu Savary, Trump's strategy is to make outrageous demands, let them fall through, then make a last-minute concession to reach a trade agreement. We are witnessing a framework from Trump's first presidential term playing out now. What is said now doesn't matter; what matters is where we end ...
According to BCA RESEARCH's Chief European Strategist Mathieu Savary, Trump's strategy is to make outrageous demands, let them fall through, then make a last-minute concession to reach a trade agreement.
We are witnessing a framework from Trump's first presidential term playing out now. What is said now doesn't matter; what matters is where we end up. It is expected that the EU will ultimately have to accept 10% tariffs, which the EU can actually handle.
Prior to this, US President Trump announced tariffs of 30% on EU goods starting from August 1st. Three EU officials stated that Trump's threat of 30% tariffs on EU goods starting from August 1st is a negotiation tactic.
