Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025.<\/p>\n
David A. Grogan | CNBC<\/p>\n
Commerce Secretary Howard Lutnick<\/a> said Sunday that the European Union<\/a> should agree to open its markets for U.S. exports to convince President Donald Trump<\/a> to lower “reciprocal” tariffs<\/a> on the 27-member bloc.<\/p>\n Lutnick’s comments suggest that Trump is open to a deal with the EU<\/a>, but reiterated that the president still believes there’s roughly a 50-50 chance that one can ultimately be reached.<\/p>\n “The question is, do they offer President Trump a good enough deal that is worth it for him to step off of the 30% tariffs that he set,” Lutnick said on Fox News<\/a>.<\/p>\n The commerce secretary’s comments still raise questions about what a “good enough” deal with the United States’ largest trading partner would look like at a pivotal time for trade negotiations.<\/p>\n Trump is set to hold trade talks with the president of the European Commission, Ursula von der Leyen<\/a>, days before the Aug. 1 deadline<\/a> for Trump’s tariffs to take effect.<\/p>\n Read more CNBC politics coverage<\/p>\n Ahead of the pivotal trade deadline, Trump on Friday said that “we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.”<\/p>\n He said that sticking points remained<\/a> “with maybe 20 different things,” raising questions about whether the two leaders could move closer to a framework for a deal on Sunday.<\/p>\n As Trump has threatened to impose 30% tariffs on the EU, the bloc has weighed countermeasures, such as using its “Anti-Coercion Instrument<\/a>,” a move that has been seen as the trading bloc’s “trade bazooka.”\u00a0<\/p>\n Such a move could hinder U.S. vendors’ participation<\/a> in the EU market.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon…\n","protected":false},"author":2,"featured_media":296172,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[5464,5466,3085,3686,32,1700,33,2000,299,5187,1699,14009,285,3075,1201,1166,5465,1220,1018],"class_list":{"0":"post-296171","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-breaking-news-economy","9":"tag-breaking-news-politics","10":"tag-business-news","11":"tag-donald-j-trump","12":"tag-donald-trump","13":"tag-economy","14":"tag-elections","15":"tag-eu","16":"tag-europe","17":"tag-european","18":"tag-european-union","19":"tag-howard-lutnick","20":"tag-politics","21":"tag-tariff","22":"tag-trade","23":"tag-trump-administration","24":"tag-u-s-economy","25":"tag-ursula-von-der-leyen","26":"tag-white-house"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114925881552992553","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/296171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=296171"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/296171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/296172"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=296171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=296171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=296171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}