Overview

• The European Commission has initiated a public consultation on tariffs targeting €95 billion of U.S. imports, running until June 10, 2025.
• Brussels has formally filed a World Trade Organization dispute over U.S. universal tariffs and automobile duties, emphasizing a unified EU negotiating stance.
• The U.S.–U.K. trade agreement, which removes steel and aluminum tariffs and reduces car tariffs to 10%, has been implemented, with President Trump indicating interest in a similar deal with the EU.
• President Trump has signaled readiness to lower tariffs on Chinese goods in exchange for concessions, with talks underway in Geneva led by the U.S. Treasury Secretary.
• The U.S. maintains a 10% base tariff across all countries, framing it as a cornerstone of its trade policy despite ongoing negotiations.