Report - "US offers EU 10 percent tariff deal — with caveats" ...Middle East

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Politico with the report, in brief:

U.S. has offered the European Union a trade proposal that would apply a 10% baseline tariff on EU goods, while granting exceptions for certain sensitive sectors like aircraft and spirits, according to EU officials.EU Trade Commissioner Maroš Šefčovič has been in contact with U.S. officials following a call between Trump and European Commission President Ursula von der Leyen. diplomats say no firm deal has been secured, and uncertainty remains high.The U.S. has not agreed to EU requests for exemptions on politically sensitive sectors like automobiles, steel, aluminium, or pharmaceuticalsThe European Commission declined to comment, saying only that negotiations are ongoing This article was written by Eamonn Sheridan at www.forexlive.com.

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