With Trump’s tariff deadline looming over Europe, Myron Brilliant argues that a limited deal is better than no deal.

European corporate giants, including German carmaker Mercedes Benz and French luxury group LVMH, are leading a rearguard action to blunt the bloc’s response to US President Donald Trump’s proposed sanctions.

Ursula von der Leyen, the European Commission president, reached out to European leaders over the weekend to get guidance on whether she should accept a deal with some higher tariffs, which many favour, or raise the pressure on the US. The commission leads the trade negotiations on behalf of the bloc.

LONDON] Some European Union carmakers and capitals are pushing for an agreement with US President Donald Trump that would allow for tariff relief in return for increasing investment in the US, according to sources familiar with the matter.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

The development comes as the European Commission, which handles the EU’s trade matters, has only about a week to reach a deal with the US to avoid a whopping 50 per cent tariff rate on all its goods g

Donald Trump's top trade negotiators have added more time to the clock after the White House failed to reach its 90 deals in 90 days target.