The U.S. is set to levy a 50% tariff on most EU exports, but the EU is hoping to bring that tax down to 10%, with the European Commission saying late this week that they’re considering a provisional trade deal with the U.S. to bring it down to 10%.
European Commission President Ursula von der Leyen said on Thursday that she is aiming for an “agreement in principle.”
“Indeed, what we are aiming at is an agreement in principle, because [with] such a volume, in 90 days, an agreement in detail, it’s impossible,” von der Leyen said.
She added that the commission is preparing in case a deal is unachievable, saying “all the instruments are on the table.”
“We want a negotiated solution, but you will
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