U.S. doubles down on Aug. 1 tariffs deadline as EU battles for a deal

The US pointed out that Bloc will not leave August 1 for higher tariffs in the European Union while fighting to make an agreement over time.

The US Trade Secretary Howard Lutnick said he was sure he was sure he could make a trade agreement with the European Union, but warned that the deadline for the basic 30% tariff was corrected.

“This is a difficult deadline, so new tariff rates will come on August 1,” Lutnick said. He said. CBS News When the deadline for EU tariffs is asked.

However, after this date, he pointed out that the negotiations could continue: “These are the two largest trade partners in the world, speak to each other. We will make an agreement. I am sure that we will make an agreement.”

“Nothing prevents countries from talking to us after August 1, but they will start paying tariffs on August 1.”

The EU said that if punishing trade tariffs are applied, he has prepared retaliation measures against the US, but Lutnick said, “They just won’t do it,” he said.

The latest trench talks continue to reach a trade agreement, and the EU hopes that a lower tariff rate can negotiate. The block hoped that he could make a similar agreement with the United States to a trade agreement with the United States.

However, economists and analysts have become increasingly skeptical about Brussels’ ability to reach a similar framework.

First, the EU has a more difficult relationship with US President Donald Trump than in England. Trump often understood that he saw as an unbalanced trade relationship and unfair trade practices rejected by the EU.

Accordingly Council of EuropeThe total trade between the EU and the United States was 1.68 trillion euros ($ 1.96 trillion) in 2024. The EU made a trade surplus when it comes to goods, while a clearly recorded services. In general, the block had more than 50 billion euros, considering both the goods and services last year.

Last Friday, Financial Times reported that Trump forced at least 15% to 20% in EU imports in any agreement on block. The President also reportedly happy to keep the tasks in the automobile sector, which is a movement that will be particularly forced to automobile exporters in Germany.

The White House’s harsh attitude towards Brussels pushed policy makers to think about how to react to 30% tariff, which will be a perpendicular march from the current 10% task that came into force in April.

A EU official told CNBC, the leader Viktor Orban, except for Hungary, a Trump ally, a moody change in the potential response of the block between all EU member states.

The block is preparing measures against the United States, and again, the EU leaders say that if no agreement is made with the US, they can be applied again.

The long -standing taxes on imports of 21 billion euros from the United States have currently prepared a second tariffs aiming to trade at 72 billion euros in a pause until 6 August and the European Commission.

Imports may be affected from clothes to agricultural products and food and beverage goods.

In the meantime, Wall Street Journal and Bloomberg reported that increasing number of members supported the EU, which deployed the anti -EU instrument. This will give BLOC’s most powerful trade vehicle and the European Commission to perform retaliation against the United States.

-CNBC Matthew Ward-Perkins contributed to this report.