Balance of Power15 Huhti 2025

EU Expects US Tariffs to Stay

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

The European Union and US made scant progress bridging trade differences this week as officials from President Donald Trump’s administration indicated that the bulk of the US tariffs imposed on the bloc will not be removed.

The EU’s trade chief, Maros Sefcovic, left the meeting with little clarity on the US stance, struggling to determine the American side’s aims, according to people familiar with the discussions. He met for about two hours with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington Monday.

The US officials indicated that the 20% “reciprocal” tariffs — which have been reduced to 10% for 90 days — as well as other tariffs targeting sectors including cars and metals would not be removed outright, said the people, who spoke on the condition of anonymity.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:

Bloomberg's Tyler Kendall.
Vice President of Federal Tax Policy at the Tax Foundation Erica York.
Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
Chief Investment Officer for US Bank Asset Management Eric Freedman.

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