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EU, South Korea seek US trade deals to soften the blow from looming tariffs

Hindustan Times East UP

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July 15, 2025

The European Union (EU) and South Korea said on Monday they were working on trade deals with US President Donald Trump that would soften the blow from looming tariffs as Washington threatens to impose hefty duties from August 1.

- Reuters

Trump stepped up his trade war on Saturday, saying he would impose a 30% tariff on most imports from the EU and Mexico from next month, adding to similar warnings for other countries including Asian economic powerhouses Japan and South Korea.

White House Economic Adviser Kevin Hassett said on Sunday that countries’ trade deal offers so far have not satisfied Trump and “the tariffs are real” without improvements to their proposals.

“The president thinks that deals need to be better,” Hassett told ABC’s This Week programme. “And to basically put a line in the sand, he sent these letters out to folks, and we'll see how it works out.”

European Trade Commissioner Maros Sefcovic expressed optimism that Washington and the EU were approaching a positive outcome for both sides.

Hindustan Times East UP'den DAHA FAZLA HİKAYE

Hindustan Times East UP

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Hindustan Times East UP

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Elderly women need focussed interventions

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Hindustan Times East UP

Modi launches two agri schemes worth ₹35k-cr

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Hindustan Times East UP

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Where is everyone?

We've been searching for decades, but haven't found so much as a microbe in space yet. Could it be that we're early; that life simply has not evolved yet in the neighbourhood? Are we doing it all wrong? Is there a bustling universe of sentient beings out there, waiting for us to catch on? Humans are now beginning to build technology that could make the difference in our quest for alien life. We have a growing understanding of what to look for. We're getting better at sending probes to nearby planets, which could tell us more about where and how to search. What might we find? Why does it matter? Take a look

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