EU to accept 10% flat tariffs on exports to US in hopes of placating Trump: report

1. EU proposes 10% tariff to avoid steeper US duties on key sectors. 2. Proposal aims to stabilize trade and protect automotive and pharmaceutical industries. 3. Trump's potential tariffs up to 50% have heightened trade tensions. 4. Treasury Secretary indicated likely tariff pause for good faith negotiations. 5. The EU's compromise shifts its traditional stance towards multilateral trade.