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Trump pushes for 15-20% minimum tariff on all EU goods, FT reports

Published by Global Banking & Finance Review

Posted on July 18, 2025

1 min read

· Last updated: January 22, 2026

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Trump pushes for 15-20% minimum tariff on all EU goods, FT reports
President financial markets trade securities import and export economic growth
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(Reuters) -U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now

Trump pushes for 15-20% minimum tariff on all EU goods, FT reports

Trump's Tariff Proposal

(Reuters) -U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.

Response to EU Car Tariff Offer

Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would keep duties on the sector at 25% as planned, the report said citing unnamed sources.

Verification of the Report

Reuters could not immediately verify the report.

(Reporting by Angela Christy in Bengaluru; Editing by Mark Porter)

Key Takeaways

  • Trump proposes a 15-20% tariff on EU goods.
  • The US administration considers a reciprocal tariff rate over 10%.
  • Trump remains firm on a 25% duty on EU car imports.
  • EU's offer to reduce car tariffs did not sway Trump.
  • The Financial Times reported these developments.

Frequently Asked Questions

What is a reciprocal tariff?
A reciprocal tariff is a trade policy where countries impose tariffs on each other's goods to encourage fair trade practices.
What is an economic growth?
Economic growth refers to the increase in the production of goods and services in an economy over a period, typically measured by GDP.
What are trade securities?
Trade securities are financial instruments that represent ownership in a company or a claim on its assets, often traded on stock exchanges.
What is import and export?
Import refers to bringing goods or services into a country from abroad, while export refers to sending goods or services from one country to another.

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