US Threatens EU with Significant Tariffs

In a bold move that could escalate trade tensions, the United States has threatened to impose a hefty 17% tariff on food exports from the European Union. This development comes as the deadline for a potential trade deal between the two economic powerhouses approaches rapidly.

Notification to EU Trade Commissioner

According to insider sources, the US has formally notified the EU's Trade Commissioner, Maros Sefcovic, during his visit to Washington. This notification has also been extended to all 27 member states of the EU, signaling the seriousness of the US stance.

Deadline Approaching Without Breakthrough

Despite earlier optimism from figures like Macron and VDL about reaching an agreement before the July 9 deadline, negotiations have yet to yield a breakthrough. Failure to secure a deal could see the EU facing even steeper tariffs, with a potential 20% levy on all exports to the US.