Overview

• The European Union has signaled acceptance of a 10% universal U.S. tariff if granted immediate exemptions for automobiles, steel, aluminium, pharmaceuticals and commercial aircraft.
• EU trade chief Maros Šefčovič will lead a delegation to Washington this week to negotiate upfront relief in sensitive industries and address non-tariff barriers.
• India and U.S. negotiators are close to an interim pact limited to labour-intensive and industrial goods while preserving New Delhi’s red lines on agriculture, GM crops and dairy.
• The administration has shifted from seeking comprehensive reciprocal deals to phased, sector-specific frameworks that leverage suspended tariffs and ongoing national security probes.
• Failure to secure agreements by July 9 would trigger U.S. baseline tariffs climbing to as much as 50%, intensifying pressure on both Brussels and New Delhi.