EU braces for US trade turbulence despite tariff deal ...Middle East

A senior EU official confirmed that executive orders to reduce tariffs on specific goods, including cars and car parts, are expected soon. “We do expect further turbulence, but we have a clear insurance policy—the 15% tariff across the board. If the U.S. administration does not stick to that, we have the means to react,“ the official said.

The EU is also negotiating exemptions for essential products, aiming for a zero-tariff arrangement. However, discussions on steel and other sensitive sectors are taking longer due to volume-related complexities.

Despite the deal, business sentiment in the euro zone has dipped, reflecting concerns over unresolved trade issues. German engineering orders fell 5% in June, highlighting economic uncertainty. France and Germany have called for a stronger EU stance in future trade talks. - Reuters

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