The European Union’s trade chief said Monday that trade will be “heavily impacted” if President Trump follows through on his threat to impose a 30% tariff on EU goods.
Trade Commissioner Maros Sefcovic told reporters in Brussels that the EU “regrets” Mr. Trump’s levy threat and thought negotiators had been making progress toward a trade deal with the U.S.
“We remain convinced that our trans-Atlantic relationship deserves a negotiated solution, one that builds the basis for a new stability and cooperation, and that is why we continue to engage with the United States administration,” he said.
Mr. Sefcovic said the EU will continue to work toward a pact before an Aug. 1 deadline because a 30% or 30%-plus tariff would effectively cut off transactions.
“It prohibits the trade,” he said. “It will be almost impossible to continue the trade.”
In a post Saturday on Truth Social, Mr. Trump said he