The EU and UK brace for a potential trade war with the US as President Trump prepares to impose tariffs on European imports citing unfair trade practices. Plans suggest a blanket 20% tariff, alongside potential sector-specific tariffs. UK leaders are attempting to negotiate a narrow economic deal to mitigate impacts, amidst concerns about a tit-for-tat escalation. Navigating these uncertainties, they hope to solidify a deal that addresses the trade imbalance without extensive negotiations, reflecting a shift from previous broader agreements in order to secure a swift resolution.
"Trump is expected to implement his threat to impose tariffs on imports from Europe, with a draft plan proposing a 20% blanket tariff on nearly all US imports."
"UK’s business secretary suggests that if any country can secure a carve-out, Britain could, pushing for a narrower economic deal instead of a comprehensive free trade agreement."
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