Trump tariffs live updates: Trump says EU deal '50-50'; US, Japan differ on trade deal profits

Key Points

  • Trade Deal with EU Uncertain: President Trump estimates a "50-50" chance of securing a trade deal with the European Union before the August 1 deadline, with a meeting scheduled in Scotland to push negotiations forward.**
  • US-Japan Deal Faces Challenges: Despite a recent trade agreement involving a $550 billion Japanese investment and a 15% tariff on imports, disagreements over profit sharing (US proposing 90-10 split, Japan wanting contribution-based) are creating tensions.**
  • Tariff Policies Expanding: Trump announced tariffs ranging from 15% to 50% for various partners, with tougher rates for difficult negotiations, alongside new deals with the Philippines and Indonesia at 19% tariffs.**
  • Canada Negotiations Stalled: Trump expressed frustration with Canada, hinting at imposing a 35% tariff on goods outside the US-Canada-Mexico agreement if no deal is reached.**
  • China Deal in Progress: Discussions with China are advancing, with Trump noting the "confines of a deal" as both sides prepare for upcoming talks.**

Summary

President Trump provided updates on multiple trade negotiations, expressing cautious optimism about a potential EU deal with a "50-50" chance ahead of the August 1 deadline, as European Commission President Ursula von der Leyen prepares to meet him in Scotland. Meanwhile, a recently announced US-Japan trade agreement, involving a $550 billion investment and 15% tariffs, is already strained over profit-sharing disputes. Trump also outlined a broader tariff strategy, setting rates between 15% and 50% for various partners, with new 19% tariffs on imports from the Philippines and Indonesia. Negotiations with Canada appear stalled, with Trump considering a 35% tariff on non-agreement goods, while talks with China show progress toward a deal. Additionally, Trump highlighted upcoming beef exports to Australia and ongoing tariff impacts on businesses like Boston Beer Company, which is managing costs through price increases. These developments reflect Trump's aggressive trade stance, aiming to reshape global economic relationships through tariffs and strategic investments, though challenges and disagreements persist across multiple fronts.

yahoo
July 26, 2025
Stocks
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