Trump pushes up to 15-20% tariffs for the European Union: FT

US President Donald Trump speaks during a meeting with Prince Bahraini Prince Salman Bin Hamad Al-Halifa at the White House Oval Office in Washington, Columbia District, July 16, 2025.

Andrew Cabalera-Rinold | AFP | Gets the image

US president Donald Trump requires at least 15%-20% tariffs on imports with European Union. Reported about Financial Times Friday, citing sources.

According to the three people informed about the trade conversations between the US and the block, Trump will develop his requirements after weeks of negotiations as possible, the document said.

US President Donald Trump talks to the media when he goes to the White House on July 15, 2025 in Washington, Colombia.

As the EU is preparing to achieve a tariff transaction in a Trump chicken game

As long as the talks between two powers appears to have stopped.

The EU hoped for a transaction similar to the UK that supported 10% of the base tariff with some exceptions to the sector.

Trump often knocked out goods from the US 198 billion euros (231 billion) in goods from the US

For their part, European Union officials say trade is much more balanced when the services and investments are taken into account. They also promised to increase oil and gas purchases to narrow the trading gap.

CNBC contacted the European Commission to comment on the report that sent Dow Jones Industrial Medium up to a Session is lowTrade is more than 250 points below.

Read the full FT story here.

– Jenny Reed in CNBC contributed to this report.

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