EU avoids the tariff letter of us, eye concessions, EU sources say

The European Union will not receive a letter from the United States that establishes higher tariffs, EU sources familiar with the matter told Reuters, and is considering possible exemptions from the United States reference tax of 10%.

The president of the United States, Donald Trump, began to inform, in a wave of letters, a variety of commercial partners from Japan to Myanmar de tariffs with great height on goods that sell to the United States from August 1.
Some EU sources said the block was close to an agreement with the Trump administration.

This could involve limited concessions for US reference rates for 10% for airplanes and pieces, some medical equipment and spirits in an eventual treatment with the Trump administration, three sources familiar with the situation said on Monday.

Two sources also said that the EU was investigating an agreement that allowed EU car manufacturers that produce and export cars from the United States to import more EU vehicles to rates rates below the current 25%.

Such agreement would benefit German car manufacturers that have large American plants.

The European Commission, which was aimed at a balanced and broader trade agreement with the United States, reported EU's envoys on Monday night that EU countries faced an option between accepting an unbalanced agreement or facing more uncertainty.

The commission also said there were no guarantees that the Trump administration did not impose more rates or demand more concessions.

The EU currently faces 50% of US tariffs in their steel and aluminum exports, 25% in cars and car parts and 10% in most other products. The United States is also investigating more tariffs on pharmaceutical and semiconductor products.