AuAltinavcisiPrecious metals news and analysis

Metals markets

EU Scrambles to Avoid Trump’s 30% Tariff Deadline

EU Scrambles to Avoid Trump’s 30% Tariff Deadline

High-stakes trade talks between the European Union and the United States are entering a critical phase, with a looming Aug. 1 deadline set by President Trump, who’s threatening to impose a 30% tariff on most EU exports.

Despite ongoing negotiations and some hopes for compromise, no decisive breakthrough has been reached. Brussels is preparing countermeasures in case of a no-deal outcome, even signaling willingness to accept an imbalanced deal to avert a tariff wave.

The proposed U.S. levies could hit cars, steel, aluminum, and even pharmaceuticals—impacting roughly 70% of EU exports to the U.S. Business leaders are warning that prolonged uncertainty could stall investment and disrupt supply chains on both sides of the Atlantic.

Eight more from the desk

Other dispatches from the bullion wire.