British media: The EU is about to reach an agreement with Trump, but may face higher tariffs than the UK

On July 9, according to Jinshi Data, the Financial Times reported that EU negotiators are about to reach a trade agreement with US President Trump that will confirm that the EU faces higher tariffs than the UK enjoys. It is reported that Brussels is preparing to sign a temporary "framework" agreement, which stipulates that President Trump's "reciprocal" tariff is 10%, equivalent to the benchmark tariff levied on the UK, while negotiations continue. However, according to 6 diplomats familiar with the situation, the EU is not expected to obtain the same degree of access to the US market as British steel, automobiles, and other products affected by industry tariffs. In addition, Trump also demanded a 17% tariff on EU agricultural products. One diplomat said: "The UK's agreement is better than this. Considering that we have been negotiating for so long, this is surprising." [Deep Tide TechFlow]