Analyst: The EU Will Have to Accept a 10% Tariff

BlockBeats News, July 13 — BCA RESEARCH’s Chief European Strategist Mathieu Savary stated that Trump’s strategy is to make outrageous demands, then let those demands fall through, and subsequently make a renewed effort to secure some last-minute concessions before reaching a trade agreement.

“We recall a framework from Trump’s first presidential term, and that’s exactly what is happening now. What is being said at this moment doesn’t matter; what matters is where we ultimately land. It is expected that the EU will eventually ‘have to accept a 10% tariff, but that is something the EU can actually handle.’”

Previously, U.S. President Trump announced a 30% tariff on EU goods starting August 1. Three EU officials have stated that Trump’s threat to impose a 30% tariff on EU goods from August 1 is a negotiation tactic.