Sources say: The EU is increasingly yielding to a 10% base tariff in negotiations with the United States.

On June 19, five sources familiar with the negotiations said that European officials are increasingly accepting a 10% “reciprocal” tariff as the benchmark for any trade deal between the United States and the European Union, according to Golden Ten Data. Earlier, US President Donald Trump announced broad tariffs on trading partners, and US Commerce Secretary Lutnik has ruled out the possibility of imposing “reciprocal tariffs” of less than 10% on most EU exports to the United States. EU negotiators are still urging the tax rate to fall below 10 percent, sources said. But one of the sources said that since the United States began to draw revenue from its global tariffs, negotiations to reduce tariff levels have become more difficult. “10 percent is a tricky issue,” he said. We are pressuring them, but now they are getting income. Another European source said the EU did not accept 10% as a benchmark rate in the negotiations, but acknowledged that it would be difficult to change or abolish this benchmark.