Trump moves transfer to the EU after that

US President Donald Trump is now aiming for trade talks with the European Union, announcing the agreement with Japan.

“Tomorrow is Europe coming, and the next day we have some others,” Trump said at the end of Tuesday, not indicating the details.

Meanwhile, the European Commission’s press stated that on Wednesday, EU Commissioner, Moros Sefkovich, would talk to US Secretary -Secretary Howard Lutnik.

“The EU’s focus is on achieving negotiation results from the United States. Intensive technical and political level is ongoing,” the press secretary said.

Pressure increased on EU and US negotiators to come to the agreement by August 1 with Trump administration Being an intention About not to change the terms on the tariffs again.

The feet of 30% of the US imports with the EU should take effect next month, with countermeasures from Brussels potentially able to occur soon. The first tranche of the EU retaliation, which is already aimed at imports from the United States, is currently expected to be 21 billion euros, while additional reconstructions are being prepared.

But the US-Japanese agreement appears to have spread positive sentiment among experts.

“The transaction in Japan has greatly raised the hopes that the EU will also be able to reach a trade transaction,” Deutsche Bank strategists said on Wednesday.

Katsukhiki Aiba, Citi economist, suggested that the smaller details of Japan’s agreement with the US could affect negotiations with the EU.

“It is noteworthy that the authors were reduced without any restrictions on the export of cars for a large country -ecport, which may have consequences for negotiations with the EU and South Korea,” he said.

The US-Japan transaction includes a 15%basic rate, and Reuters reports that assemblies on Autos will also shrink up to this level-recovered compared to the 25%currently.

Liberation solution or lower rates for some key sectors have long been on the list of wishes under EU trading agreements, with analysts Expecting the block can accept the basic tariff in exchange for such industry provisions.

Road vehicles are among the Troika Exports with the EU to the US, reports European Council.

Pan -European Stoxx 600 The index traded 1%on Wednesday, approximately one hour after the markets opened, and the auto registration jumps by about 3.5%.

While Europe is looking forward to updates for trade negotiations with the United States, the President of the European Commission Ursul von der Leyen and the President of the European Council Antonio Costa go to Asia. They plan to meet Japanese leaders on Wednesday before EU-KIT summit On Thursday, with the trade probably at the top of their agenda.

Trump’s protectionist trade policy enhances the existing tensions between the EU and China, CNBC experts said. They noted Beijing’s concern that the United States could put pressure on the EU to sharpen its position in China.

On Tuesday, Sefkovich said he was in a report on X that he had an important video call with the Chinese Trade Minister Van Veteo without providing more information.

– Sylvia Omar CNBC contributed to this report.