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British media: The EU is about to reach an agreement with Trump, but may face tariffs higher than those on the UK.
[English media: The EU is about to reach an agreement with Trump but may face higher tariffs than the UK] According to the Financial Times, EU negotiators are about to reach a trade agreement with US President Trump, which will confirm that the tariffs faced by the EU are higher than those enjoyed by the UK. It is reported that Brussels is preparing to sign a temporary "framework" agreement that stipulates a 10% "reciprocal" tariff from the US president during the ongoing negotiations, equivalent to the Benchmark tariff imposed on the UK. However, six diplomats familiar with the situation have indicated that the EU is unlikely to gain the same level of access to the US market as the UK does for steel, automobiles, and other products affected by industry tariffs. In addition, Trump has also requested a 17% tariff on EU agricultural products. One diplomat stated: "The UK agreement is better than this. Given how long we have been negotiating, it is surprising." ( Jin10 )