Trump pushes EU to cut tariffs or face extra duties – FT

• Trump pushes EU to cut tariffs or face extra duties.
• US trade representative Greer preparing to tell EU counterpart Sefcovic that recent “explanatory note” falls short of US expectations.
• US negotiators to tell Brussels they expect unilateral concessions.

Well, it’s been pretty clear that trade deals with EU and Japan were going to be harder since the two countries took a more hardline stance on tariffs compared to UK for example. The EU has been repeating that they won’t accept 10% as a baseline for tariffs.

This article was written by Giuseppe Dellamotta at www.forexlive.com.