Tariffs will harm us all, European officials warn — with more work needed to reach a trade deal
1. EU and U.S. optimistic about a potential trade deal. 2. Failure to agree may lead to significant economic harm on both sides. 3. Current U.S. tariffs include a 20% import tariff paused to 10% for negotiations. 4. IMF forecasts indicate reduced U.S. growth outlook due to ongoing trade tensions. 5. Daily trade loss of €4.5 billion at stake if tariffs are implemented.