Strategist: The EU will have to accept a 10% tariff.

Jin10 data reported on July 12, BCA RESEARCH’s Chief European Strategist Mathieu Savary: Trump’s strategy is to make outrageous demands, then let those demands fall through, and then make one last effort to win some last-minute concessions, ultimately reaching a trade agreement. We recall a framework from Trump’s first presidential term, which is what is happening now. It doesn’t matter what is said now; what matters is where we will land. It is expected that the EU will ultimately “have to accept a 10% tariff, but this is something the EU can actually cope with.”