EU and US race to finalize car trade deal ahead of Trump’s August 1 tariff deadline ...Middle East

A breakthrough is possible within days, though key issues remain unresolved. The EU is pushing for concessions on cars—a red line for Brussels—while the U.S. is hesitant on quotas and remains focused on boosting domestic production. Both sides are also exploring mutual tariff reductions and regulatory alignment. In 2024, the EU exported nearly 758,000 cars worth €38.9 billion to the U.S., underscoring the stakes for both economies.

The latest tariff tantrum is here:

Trump hits Brazil with a 50% tariff This article was written by Eamonn Sheridan at www.forexlive.com.

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