Overview

• President Trump said he will begin sending letters to partners Friday detailing the exact tariff rates they will face when a 90-day suspension ends next Wednesday.
• EU Trade Commissioner Maroš Šefčovič described talks in Washington as productive and is pushing for a basic transatlantic framework to guide detailed rate negotiations.
• US officials signaled that additional bilateral trade agreements are developing rapidly, following the recent rare earths deal with China and tariff pact with Vietnam.
• Current US tariffs stand at 50 percent on steel and aluminum, 25 percent on EU car imports and a 10 percent base rate on most other goods pending final settlements.
• European markets showed nerves over looming duties as Germany’s DAX opened down 0.4 percent on Friday in response to the tariff deadline approaching.