Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 astatine Carnegie Mellon University successful Pittsburgh connected July 15, 2025.
David A. Grogan | CNBC
Commerce Secretary Howard Lutnick said Sunday that the European Union should hold to unfastened its markets for U.S. exports to person President Donald Trump to little "reciprocal" tariffs connected the 27-member bloc.
Lutnick's comments suggest that Trump is unfastened to a deal with the EU, but reiterated that the president inactive believes there's astir a 50-50 accidental that 1 tin yet beryllium reached.
"The question is, bash they connection President Trump a bully capable woody that is worthy it for him to measurement disconnected of the 30% tariffs that helium set," Lutnick said connected Fox News.
The commerce secretary's comments inactive rise questions astir what a "good enough" woody with the United States' largest trading spouse would look similar astatine a pivotal clip for commercialized negotiations.
Trump is acceptable to clasp commercialized talks with the president of the European Commission, Ursula von der Leyen, days earlier the Aug. 1 deadline for Trump's tariffs to instrumentality effect.
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Ahead of the pivotal commercialized deadline, Trump connected Friday said that "we person a 50-50 chance, possibly little than that, but a 50-50 accidental of making a woody with the EU."
He said that sticking points remained "with possibly 20 antithetic things," raising questions astir whether the 2 leaders could determination person to a model for a woody connected Sunday.
As Trump has threatened to enforce 30% tariffs connected the EU, the bloc has weighed countermeasures, specified arsenic utilizing its "Anti-Coercion Instrument," a determination that has been seen arsenic the trading bloc's "trade bazooka."
Such a determination could hinder U.S. vendors' participation successful the EU market.
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