Former President Donald Trump has stated there is approximately a 50% chance of securing a trade agreement between the United States and the European Union.
In a warning to EU negotiators, Trump indicated he may impose new punitive tariffs—specifically citing rates of 30%, 10%, or 15%—on European goods should discussions fail to yield a deal by August 1.
The threat represents a potential pivot in U.S. trade policy toward Europe, signaling possible economic tensions ahead. Specific industries that might face higher tariffs remain unclear at this stage of negotiations.