EU's Sefcovic agreed with US Commerce Secretary Lutnick to accelerate trade talks ...Middle East

I just don't see any world where the EU can accept a 10% floor on tariffs. But there is also a significant trade surplus with the US so I don't see how Trump's team can back down.

In a perfect world maybe all tariffs end up back at zero and the US gets some trade concessions that open up some markets. There's a decent chance of that but that sort of 'win' is hardly worth the political cost the US has already paid.

Time will tell.

This article was written by Adam Button at www.forexlive.com.

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