Trump has escalated his demands on the EU following weeks of negotiations over a possible framework deal, the Financial Times reported. The EU had been hoping for a deal similar to the U.K.’s, which maintained a 10% baseline tariff with some sector exemptions. Trump has often bemoaned the EU’s 198 billion euro ($231 billion) trade surplus in goods with the U.S. US President Donald Trump speaks during a meeting with Bahraini Crown Prince Salman bin Hamad al-Khalifa in the Oval Office of the White House in Washington, DC, on July 16, 2025. Andrew Caballero-Reynolds | AFP | Getty Images
U.S. President Donald Trump is demanding a minimum of 15%-20% tariffs on imports from the European Union, the Financial Times reported Friday, citing sources.
According to three people briefed on trade talks between the U.S. and the bloc, Trump has