A DEAL BETWEEN the US and EU to prevent the implementation of tariffs on European goods exported to America is “possible”, President Donald Trump has said. Negotiators are under renewed pressure to strike a deal after Trump last week threatened a 30% tariff would be in place for the EU if a new trade agreement was not reached by 1 August.

US President Donald Trump has announced that all imports from the EU and Mexico will have a 30% tariff as of August 1. He sent letters to EU President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum informing them of the new rates, which were also posted on his Truth Social account on Saturday.

Italy's foreign minister warned that, while he hopes for successful negotiations, the EU will respond resolutely to Trump's latest tariff threat.