The United States has offered an agreement to the European Union that would keep a 10 percent baseline tariff on all EU goods, with some exceptions for sensitive sectors such as aircraft and spirits, an EU diplomat and a national official told POLITICO.
The Trump administration had said Sunday that it would push back a deadline for the return of its sweeping tariffs to Aug. 1. Tariffs would then revert to their April 2 rates for countries that fail to nail down new U.S. trade deals.
Trump began on Monday to issue letters to countries stating their tariff rates, starting with South Korea and Japan, which will both face a 25 percent tariff from Aug. 1.
EU trade chief Maroš Šefčovič has been in contact with the U.S. administration following a call Sunday between President Donald Trump and European Commission President Ursula von der Leyen.
