US President Trump stated a “50/50 chance” of securing a trade agreement with the EU to lower import tariffs, with an August 1 deadline looming. While the EU approved a $109 billion retaliatory package, Trump threatened 30% tariffs on EU exports if no deal is signed. Negotiations with Canada have stalled, and a 35% tariff is possible.
source https://timesofindia.indiatimes.com/business/international-business/us-eu-trade-deal-talks-donald-trump-sees-50/50-chance-as-august-1-tariff-deadline-nears-eu-readies-109-bn-retaliation-plan-if-talks-fail/articleshow/122909654.cms